RE:RE:RE:YESTERDAY WAS A LOST, TIME FOR OBE TO MAKE IT UP TODAYYeah today mostly energy stocks are flat with oil up....
Part of it has to be the forward looking fact that USA shale oil especially Permain will throttle even harder then expected. EIA is slow to today...
With oil over 85...Permain is going to gain 80-100k barrels each month prob until June and then pace will listen.
Failing to grasp how this is positive.
JohnJBond wrote: Oil up, oil stocks down.
That's often a sign of forced selling
Some people try to hedge gains in one by selling the other If they decide, or are forced to close out there position you will see stocks go down while oil prices go up
if one side is thinly traded (the small stock side for example) the result can be quite obvious
Once over the normal positive correlation returns