66 days ago • Posted by Paul de La Baume
#Oil Stocks Bottom as Oil Rebounds Strongly $WTI $XLE $OXY #trading
Oil extends gains as reports point to diminishing US stockpiles. Limited supplies continue to worry traders, while at the same time recession, fears are keeping market participants on edge. Here we observe that oil stocks have managed to hold onto most of their gains of last year, and that is despite the oil price coming down significantly.