At 8:50 a.m. ET futures are significantly higher and the price of oil per barrel is around $31. The market is poised to open higher.
Oil continues to fall and allegedly OPEC is in a state of turmoil because of it. Well what did they expect? Also allegedly OPEC is planning another meeting to discuss this situation and meanwhile a new prediction has oil per barrel going into the $15 range. This is weird.
CNN: Stocks: 5 things to know before the open
Crude futures are falling again, down around 1%, after a 6% fall Monday. RBS analysts say $16 oil is possible and advises its clients to... well, sell everything. "We think investors should be afraid," the note cheerily warns.
No comments:
Post a Comment