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re: Oil stocks...are you buying?

Posted on 2/3/16 at 1:09 pm to
Posted by TigerDeBaiter
Member since Dec 2010
10268 posts
Posted on 2/3/16 at 1:09 pm to
indicates more supply than demand

But, either more demand or less production than last week. Slightly anyway. Hence the oil rally today.
Posted by Omada
Member since Jun 2015
695 posts
Posted on 2/3/16 at 1:41 pm to
The rally is due to the dollar losing some strength today, which is why other commodities are also up. It was only like a 1-2% drop for the dollar though, so it definitely doesn't warrant this spike in oil.
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