Trading position (short-term; our opinion): Short positions with a stop-loss order at $65.23 are justified from the risk/reward perspective.
Pay no mind, OPEC will be here soon to save the day, so to $50 we go. I hate to be the one to tell you I told you so, but I never had a chance.
Going For a Record
Saudi Arabia continues to ratchet up production, taking market share away from U.S. shale producers.
Just to be clear, $61 WTI is about $41 higher than $20 WTI.
Operating in difficult conditions—whether political, logistical or technical—comes with the oil and gas territory, but the collapse in oil and gas prices has added further complexity and risk to th