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NRGD - OpenMarkets Weekly: The Oil Market's Ripple Effects
MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN
By OpenMarkets
At A Glance
Many large sovereign wealth funds must find ways to repatriate money as oil prices sink.
The recent oil price war between Saudi Arabia and Russia has had ancillary effects in energy markets and beyond. Jack Bouroudjian looks at three problems associated with price disruptions caused by this feud:
- A fragile oil services industry in the United States, tied to shale production, could be one of the first causalities. Many of these shale producers and service companies depend on Crude over $40 per barrel for profit. A prolonged price war