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Commodities Briefing - Categorized | Energy, Market Moves more

Are energy stocks ready for a rebound?

Posted on 21 October 2008

From Reuters: Oil company stocks have seen their fortunes turn from good to bad as the prices of crude oil and natural gas tumbled about 50 percent from their peaks in July. The Standard & Poor’s Energy company index has dropped more than 36 percent since the beginning of the year.

With some OPEC members hoping to get agreement for a cut in crude exports at their meeting later this week and natural gas producers eyeing cutbacks to drilling, will energy prices rebound, and are the companies now a good bargain?…. Full Article: Source


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This post was written by:

VRS - who has written 36568 posts on Opalesque Commodities Briefing.


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