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Bottom of the Barrel: You May Not Like What’s Next for Oil

From energyandcapital.com

Whom do you trust? Think carefully because one very important part of your portfolio depends on how you answer that question. With news of the coronavirus flooding through every conceivable media stream, it’s impressive to see how wildly different the takes have been on its fallout. Panic within the oil markets has been palpable for weeks. Oil prices recently careened under $50 per barrel after breaking above $65 per barrel less than a month ago. But is the worst over? Is the coronavirus outbreak properly priced right now? That’s the sentiment heading into trading this morning. Again, it’s all about whom you trust. ... (full story)

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  • Category: Fundamental Analysis