Since I am now long Energy – 1000 shares of the Energy Select Sector SPDR® ETF, I am even more interested in the price of Oil. Goldman Sachs and JP Morgan offer differing views:
- Business Insider – Goldman Sachs thinks oil is nearing a bottom
- Marketwatch – J.P. Morgan goes totally bearish on oil, slashes 2016 crude forecast to $31.50
More articles about Oil:
- Bloomberg – Oil Speculators Raise Bets on Falling Prices to All-Time High
- ZeroHedge – Negative Oil Prices Arrive: Koch Brothers’ Refinery “Pays” -$0.50 For North Dakota Crude
- Marketwatch – Could this surprising factor save oil from Iran-fueled slide?
Even though my investment in XLE is part of my long term equity allocation – I would still like to see the Oil Market stabilize sometime in 2016.
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