Despite the unexpected drawback in U.S. crude inventories, oil prices continued their fall Thursday, to below $46 a barrel, near four-year lows, as economic fears deepened. As the downturn persists, analysts interviewed by CNBC suggest oil could fall to $20 a barrel.

Oil Could Hit $20

Oil prices could fall to $20 to $30 a barrel in the current economic environment, says David Ernsberger, editorial director of Asia at Platts. And the charts concur, says Ray Barros, CEO of Ray Barros Trading Group.

How to Trade Stagflation

Stagflation is a foregone conclusion in 2009, says Ray Barros, CEO of Ray Barros Trading Group. Barros suggests shorting the U.S. dollar, going long on gold and crude and short on 30-year U.S. bonds early next year.

Look Out for the Anti-Bubble

"The depression and deflation theme will stay with us for some time, as we head into Q1 2009," Stephen Gallo, head of market analysis at Schneider Foreign Exchange, said.

"Volatility in 2009 scares me tremendously, because this anti-bubble means that sentiment is so focused in one direction by the financial markets, that anything, like a stabilization in the housing market, a case of inflation rather than deflation, will cause the markets to react very violently in 2009. That's my biggest fear for next year."

Bright Prospects for Uranium

Rod McIllree, MD of Greenland Minerals and Energy is confident that uranium prices will recover in the longer-term.

Banking on the Asian Consumer

The consumer discretionary sector in the China market looks interesting to Kerry Series, head of Asia Pacific equities at AMP Capital Investors. He reveals how investors can capitalize on this.

Hot on China's Power Sector

Andrew Sullivan, sales trader at MainFirst Securities favors the power sector in China as it has benefited from the fall in commodity prices and the raise in tariffs. He talks strategy in this segment of "Protect Your Wealth".

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