Stocks rallied Tuesday as investors awaited earnings reports from U.S. technology giants and blue-chip companies. Oil prices plunged anew as selling by exchange-traded funds compounded pressure on the market from the collapse in demand.
Futures tied to the S&P 500 gained 1.3%, suggesting the blue-chip index may extend advances made Monday. The Stoxx Europe 600 rose 1.8%.
Does anyone at all feel sorry for Big Oil or OPEC
What 20% of the WORLDS daily oil consumption looks like floating off California’s coast (Over 20 MILLION BBL).
Those who are following trends see companies having more suburban workplaces as the workforce distances from cities. This should slant back to individual transportation and higher gasoline usage. Oil has every chance of going up faster than the economy. tt:MadMoneyOnCNBC
This hardships to United States is a blow so devasting that may to provoke severe damages to the economy and the people in general.
Targetting - 50 up to - 100 ?
Proof that demand drives price. Stop depending on oil
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