Oil stays relatively strong improving revenues. OPEC has a better control of their supply. Saudi's consolidation of power strengthens OPEC's power. Higher Interests rates and costs of production for the debt-laden shale producers will dampen their response to higher prices.
Commento:
Disclosure: Not an original idea, tip given to me by Jeff T.
Idee correlate
OIH breaking out
trading412
about OIH