I cannot count the times I have burnt my fingers investing in oil stocks in the last ten years. Ever since oil started its decline from $150/bbl to less than $30/bbl and back to $75/bbl, there have been multiple tactical rallies that disappeared as fast as they arrived. October has been such a month. At the beginning of the month, oil analysts predicted oil prices going up to $100/bbl by the end of the year as Iran sanctions loomed. But rising output from US producers, together with falling global demand led oil prices declining more than 20% decline in early November.
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