But there is a lot of oil in the market, so if the market does undergo a recession or a slowdown, oil prices can, and will, trade lower.
Volume has been heavier in November and December and it looks like longs are bailing out of positions.
Shares of the oil giant are still pointed down but the pace of the decline has slowed, so any improvement in oil prices could spark a reversal.
Let's go through our preflight technical checklist for United Continental.
But there is no catalyst right now, and there are so many other sectors with better prospects.
It always pays to see if anything has changed.
Emissions are leaving a foul smell in the air around Volkswagen.
Production cut agreements stemming from the G-20 summit are among the factors helping to buoy oil prices.
OPEC is grabbing at the proverbial straws in an attempt to regain control of the global oil markets.
Over the past year, the driving force behind most of OPEC's decisions has been Saudi Arabia and its recent non-OPEC-member 'bestie,' Russia.