Hedgeye Potomac Senior Energy Analyst Joe McMonigle dissects current oil market fundamentals on BNN and explains why he's not expecting an OPEC production freeze any time soon.
Takeaway: The last thing OPEC wants to do is freeze which would goose prices and send price signals to the U.S. to increase production.
"“I am very concerned the E.U. maintains a battle against the American giants while doing everything possible to sustain so-called national champions," writes economist Daniel Lacalle. "Attacking innovation doesn’t create jobs.”read more
If you're heavily-invested in Energy stocks it's been a heck of a year. Energy is the worst-performing sector in the S&P 500 year-to-date and value investors are now hunting for bargains in the oil patch. Before you buy, here's what you need to know.read more