RE:RE:Oil up 1% today
Out of 37 O&G companies there were only two that were up and one I would not count as it is a gas distribution company in Brazil.
In virtually all of them the candle stick had a lower wick indicating that after the panic sell off buyers came back to pick up on the bargins to start driving prices back up.
If there is to general market sell off tomorrow expect O&G prices to bounce back given the rise in the price of oil.