THE NEW WAR OVER CRUDE OIL
I'm not sure if it's the WAR ON TERROR, THE WAR ON OIL, THE WAR ON DRUGS, A CURRENCY WAR or what war it is but now OPEC is threatening $200 oil:
Exxon Mobil Corporation also reports earnings today at 9AM E.T. The consensus is for earnings to beat expectations despite lower oil prices. Moving into the next quarter however there are new noises about SUPPLY SHORTAGES DEVELOPING due to decreased U.S. RIG COUNT and other factors:
Exxon Mobil Corporation also reports earnings today at 9AM E.T. The consensus is for earnings to beat expectations despite lower oil prices. Moving into the next quarter however there are new noises about SUPPLY SHORTAGES DEVELOPING due to decreased U.S. RIG COUNT and other factors:
http://www.fool.com/investing/general/2015/01/31/opec-sees-oil-prices-exploding-to-200-a-barrel.aspx
...developing...