At 8:50 a.m. ET futures are significantly higher and the price of oil per barrel is slightly down. The market is poised to open higher.
I can't lie I've been very singularly focused on the price of oil. Right now it appears to be priced in the $50 to $55 per barrel range and I could fully believe or accept that the price will go much lower, stay where it is for a period, or even wiggle it's way higher. It's also extremely easy to find talking heads who will offer an opinion on oil pricing and the opinions are wide ranging. So choose your poison wisely.
CNN: Stocks: 5 things to know before the open
Reports indicate that Greek officials may propose a bridge funding plan that gives them more time to negotiate -- but there is no sign that creditors will back down.
No comments:
Post a Comment