Chris Lau
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Chris Lau in Value Stocks,

Oil is Back

$50, then $40, and now back to $45.73/bbl. Oil, although in a seasonally weak period, is trying to make a comeback.

Markets are speculating prices for energy will stabilize. Fundamentals for the sector depend on just one player: Saudi Arabia.

Between now and Labour Day, oil will fluctuate on random news. Driven by these events, the direction will not sustain any meaningful patterns for at least another month.

Speculators: Trade DWTI, UWTI, and VXX.

Investors: Buy and hold XOM, BP, CVX, COP.

Agree or disagree?