COMMODITIES
Look OPEC and leading oil producers to cut crude production to stabilize the market. Oil prices have risen by 5% this Week and regaining $100 levels with OPEC output cuts to support prices and current shortfall in U.S. inventories.
What to look for….
Brent crude sustained +$100 a barrel pricing with WTI crude looking to be the most volatile with current shortfall in U.S. inventories.
Notable leaders for outstanding sector performance
Occidental Petroleum +15% short term upside; Conoco Phillips, Chevron, Exxon Mobile +10% short term upside and ALL not built into current pricing.
