Commodity Trade Mantra

Posts Tagged ‘Oil Rig Operators’

Slump In Oil Prices May Burn The Oil Industry Again

When oil prices fall, volatility increases & the floodgates of capital open. Every genius-investor wants to buy low & sell high. Rig count rises with fresh capital, production increases & oil prices fall. When oil prices rose from $26 in mid-Feb to over $51 by early June, the rig count change rate exploded. Predictably, oil prices are falling again on continuing the same thing that got you in trouble before.

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