Oil Set To Plunge Another $10 On The Open

Monday, March 09,  2020   /12:30 AM  / By Stephen Alpher, SA News Editor/ Header Image Credit: Oilprice

Veteran oil trader Mark Fisher tells CNBC's Scott Wapner that oil is indicated to open below $32 per barrel - nearly $10 less than where it closed on Friday, and about $15 per barrel below where it closed on Thursday.

In case you missed it, the Saudis on Saturday declared an all-out price war in response to Russia's Friday refusal to go along with production cuts.

A few ETFs of interest:USO, XLE, OIL, UWT, XOP, UCO, VDE, OIH, DWT, BGR, BNO, ERX,
 GUSH, SCO, XES, DRIP, FENY, DBO

Related News

1.      The World's Most Powerful Oil Alliance Is Falling Apart - OIR 060320

2.     Oil Prices Rebound As Central Banks Intervene - OIR 030220

3.     Oil Extends Gains as Hopes of Stimulus, OPEC Cuts Offset Virus

4.     Coronavirus Meltdown Continues As Brent Breaks $50 - OIR 280220

5.     3 Rare Metals Every Investor Must Watch At This Critical Time

6.     Oil Is Now More Volatile Than Bitcoin - Understanding the Rising Volatility

7.     WTI Breaks $50 As Demand Fears Escalate - OIR 250220

8.     OPECplus Is In No Rush To Rescue Oil Markets - OIR 210220

9.     Uncertainty Brings An End To The Oil Price Rebound - OIR 180220

10.  Average Prices Of PMS, AGO, HHK and Cooking Gas - January 2020

11.   Gas Flaring: A Never-Ending Dark Tunnel

12.  Oil Markets Bounce Back As Coronavirus Fears Fade

13.  The Metal Trump Wants More Than Gold