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#5 Oil & Gas Stocks Down
Views: 779
Jun 20 2017 08:50 PM | eds in Non-Renewable
Energy prices are continuing the powerful downtrend,
. . . that’s been in place since December.
Several negative catalysts are in play, including:
. . . . . . growing doubt about OPEC’s oil freeze agreement
. . . . . . . . . to normalize the global energy oversupply,
. . . . . .increased U.S. shale activity (at a lower cost structure),
. . . . . . bloated inventories, and
. . . . . . tepid gasoline demand.
6-20-2017 Source: #5 Oil & Gas stocks down
. . . that’s been in place since December.
Several negative catalysts are in play, including:
. . . . . . growing doubt about OPEC’s oil freeze agreement
. . . . . . . . . to normalize the global energy oversupply,
. . . . . .increased U.S. shale activity (at a lower cost structure),
. . . . . . bloated inventories, and
. . . . . . tepid gasoline demand.
6-20-2017 Source: #5 Oil & Gas stocks down
