When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
We need to face it, as a nation we have a reliance on petroleum. - Lisa Murkowski
That reliance recently faded away. The energy sector (XLE) is facing a major crisis as long as oil prices remain depressed. Weak Chinese GDP and oversupply of crude are putting pressure on oil prices in the low $50 range.
As mentioned in one of the last Lead-Lag Reports, oil markets are retreating after spiking earlier this month when Saudi oil fields were attacked. Ample supply and lack of demand are putting pressure on prices.