Oil Will Spike, It's Just A Matter Of When |
| January 05, 2016 | January 2016 Bond Updates |
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OPEC recently released its latest World Oil Outlook, and understandably, it’s not too upbeat. With vast amounts of oversupply coming from both the U.S. and OPEC itself, the price of oil has slid over 60% since its highs roughly 18 months ago. Meanwhile, the stocks of major producers like Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX) have tumbled by over a third. Still, there’s reason for hope. |
| View more at: http://www.forbes.com/sites/gurufocus/2016/01/04/oil-will-spike-its-just-a-matter-of-when/ |
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