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XOP - WTI At The Same Price As July Big Whup. Don't Fall For The Hype; Let's Take The Other Side. Also It's Fed Week
SPDR S&P Oil & Gas Explor & Product
Oil scare hype, don't fall for it!
Last night just before WTI trade opened, the word was crude would pop 20%, then 15%, and then 11%. Now we are trading between 59 and 60 for a 10% pop. This after being plastered all over the news this was the biggest hit to the oil production in history. Too bad this didn't happen just a few years ago when the US was dependent on imports. The US is now a net exporter, and this is a very different time. There is an over-supply in a time