RE:SellersThis guy's voice is always shouted down in spite of being more right than wrong.
Do a simple Google News search of interest rates and or the Fed and you will find a mere
month ago the consensus was the thriving economy pretty much guaranteed tightening in
Canada and US starting around May 2015... now? there is as much chatter about nothing happening in 2015 in fact some believe a cut is as likely... Oil is "traded" meaning it isn't just a market of supply in demand it is an organic, ever changing entity affected by emotion, fundamentals, politics etc.
I am ok with little news now as it won't produce much until tax loss season ends and a month or two from now the traders realize that oil is not oversupplied to the extent that a 50% or 100% haircut to its per barrel valuation is warranted. Until that time we wait... a minor benefit is you get to fill
a smaller car for a while for about 40 bucks.
https://www.europac.net/commentaries/black_gold_loses_glitter