Oil has suffered an epic decline.
Since peaking above $107 per barrel at the end of June, the price
of West Texas Intermediate (WTI) crude oil recently collapsed to less
than $82. That's a 23% decline in less than three months. Oil is now
trading at its lowest price in two years. And a lot of folks think it's
going to fall even further.
I disagree. It's likely the bottom is almost in for oil prices. And
the sector looks like it's setting up for a short-term rally.
Let me explain...
As regular Growth Stock Wire readers know, assets like oil
typically trade opposite of the U.S. dollar. So oil rallies when the
dollar falls... And oil falls when the dollar rallies. (more)
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