Crude Oil Price Slump: 7% Hit for Global Hotel Stock Prices and 25% Hit for Dubai Hotel Revenues Is Predicted

There is an increasing adjustment to the idea that the “totally unexpected” slump in oil prices to below $70 may prevail for some time.
The model that predicted since 2011 Brent would, at some point, bottom at $67 which is just 3% below where it reached yesterday (not bad for a prediction made three years ago)… says the slump will last four years.