| It’s difficult to recall a time when energy markets have been this volatile over a sustained period of several weeks. Raymond James analyst Andrew Bradford noted that the absence of core fundamental investors, who are for the most part underweight energy, has left a void in trading volumes. That’s meant much sharper moves up and down for the sector.
It remains unclear whether the rally that began late last week and continued early this week, though it pulled back Tuesday, is warranted given the fundamental picture. It could simply be the result of news-driven short covering...............................................Full Article: Source
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