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collected by :Victor Alphen
Weekly Oil Markets Recap - WTI Hits $59 And Energy Stocks Will Follow, Give It Time
In our analysis of the global oil markets, the last time energy stocks materially underperformed WTI was in 2002. At the time, fundamentals were rebalancing perfectly, but energy stocks (XLE) lagged the movement in WTI. This time however, not only are we seeing energy stocks underperform, but we are also seeing them in MLPs (AMLP). Energy stocks will find its fair share of love from investors again, and patience is all that's needed. For those who have found our public oil market articles insightful, we want to let you know about a unique opportunity.
Canadian Stocks Are Falling As Energy Stocks Struggle - Canadian Commentary
as declared in The pullback in energy stocks is weighing on the overall market this morning as crude oil prices head lower. The Energy Index is falling 1.49 percent. Canadian Pacific Railway (CP.TO) is lower by 0.35 percent and Canadian National Railway (CNR.TO) is falling 0.49 percent. Bank of Montreal (BMO.TO) is climbing 0.30 percent and Canadian Imperial Bank of Commerce (CM.TO) is rising 0.29 percent. The Gold Index is increasing 0.40 percent.collected by :Victor Alphen
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