It seems Saudi Arabia is just buying time to support oil.
For now, recovering from oversold levels makes sense. But is this the start of a full-blown price recovery?
Demand is collapsing from global lockdowns, just as supply is surging from all the major, battle-ready producers, who refuse to blink first amid the price war.
The oil company has been in a sustained downtrend and the latest news from the oil patch will not help.
Markets appear stable. Do we trust it? Can we trust it? Of course not.
So what do you do if you own these stocks?
Perhaps investors would be wise to invoke the Jim Cramer 'three day rule' where energy is concerned.
Ecuador had asked OPEC for permission to produce above its quota, but it was never answered. It matters little to OPEC -- but for Ecuador, it no longer serves its interests to be part of this bigger organization.
Steadily, the once-revered markets of Brazil, Russia, India and China have become hazardous places to do business.
Here are defense companies to watch as the U.S. responds to offensive threats posed by China and Russia.