Oil Prices Have Dipped, Just Don’t Expect These Discounts to Last

Markets declined significantly in the wake of last Tuesday’s Presidential election. In the two days that followed the S&P shed almost 3.6%.
But now the energy sector in general – and oil in particular – is poised for a major move up.
As I am writing this, six of the nine elements I regularly monitor to determine oil prices are pointing north.
The relationship between refinery margins (the difference between what it costs to produce oil products and the price that can be ch…

Keep on reading: Oil Prices Have Dipped, Just Don’t Expect These Discounts to Last