OTCPK:EUCTF - Post by User
Comment by
fortfryon May 27, 2015 4:06pm
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Post# 23771051
RE:Low oil price – A plus or a minus?
RE:Low oil price – A plus or a minus?One thing about oil that may be alittle bit of a plus for the longs or countries that produce oil is the fact that it is priced in US dollars which is currently a cuurency that is up for example its a lot higher in Canadian dollars and oil is the most important commodity in the world and when the price does come down it increases demand so new oil needs to be found and it needs to be produced as cheaply as possible. Oil when out of favour is a safer bet than other commodities