Chris Lau

Oil Prices Will Not Rally Past $60/bbl
12 november

Oil is about to test $60/bbl. If and when it gets there, the rally will end.

Related: OIL, OIH

Oil will not rally past $60/bbl by end of this year.


Buy deep-sea drillers like Ensco (ESV) or Transocean (RIG). BP plc, CVX, COP, and Exxon are most attractive.

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Oil Prices Will Not Rally Past $60/bbl

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