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re: Oil stocks, oversupply and the Iran deal

Posted on 3/18/15 at 2:08 pm to
Posted by Northwestern tiger
Long Island NY
Member since Oct 2005
23487 posts
Posted on 3/18/15 at 2:08 pm to
quote:

Doesn't make any sense to me.


Same here
I thought it would take a nose dive, instead most oil stocks are up big time, SM is up 10%
Posted by Lou Pai
Member since Dec 2014
28190 posts
Posted on 3/18/15 at 2:41 pm to
OK got it. The dollar dropped because fed officials backed down somewhat on both inflation expectations and anticipated rate increases. Read too much into the "patience" bit, especially since the market had priced that expectation in.
This post was edited on 3/18/15 at 2:42 pm
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