How to Play This Pullback in Energy Prices
August 10, 2011 at 14:35 PM EDT
The best time to look at buying in any market is when it’s on its lows. And one sector that is being beaten like a dog right now, is offering some great buying opportunities on the cheap. Energy. Since January, oil prices have traded at or near $100. In fact, prices got so high in June that the Obama administration released 30 million barrels of oil from the Strategic Petroleum Reserve (SPR). However, fast forward to today … We have the aftermath of the debt debacle and the downgrade by S&P; and crude oil has pulled back dramatically. The fall in prices has been mainly due to concerns over an even deeper recession in the U.S. and . . . → Read More: How to Play This Pullback in Energy Prices