03.02.2016 - Oil could double despite OPEC supply flood
Plunging oil prices -- down more than 30% in the past year -- have been the primary contributing factor to the S&P 500's worst start of the year since 2009, with January clocking in a 5.1% decline. And with crude plunging below $30 again Tuesday, investors are still looking for clues as to when we'll see a bottom. While oil's impact on the economy remains debated, the commodity is unquestionaingly affecting not only the indices but also a range of economic fundamentals from industrial production to earnings and credit...............................................Full Article: Source
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