Commodities analysts' predictions of oil hitting $50 per barrel in 2015 reverberated on the stock exchanges this week, sending to one-year lows shares in Cullen/Frost Bankers and BOK Financial, two of the most exposed lenders in the sector.
In commodities this week, West Texas Intermediate crude oil and Brent crude hit their lowest levels since May 2009, with WTI closing Thursday at $54.11 and Brent finishing at $59.27. Brent will next year slide to $50 per barrel, according to seventeen analysts polled in a Bloomberg survey released on Tuesday.
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