$Exxon Mobil (XOM.US)$ Good time to short it with recession ...
Good time to short it with recession looming.... OPEC anticipated this and trying to keep high crude price levels, but demand side shrinking will push it down greater than the cartel supply cut.
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razo2 : you need to see the USD bro. cut is effective on November. so this month you likely will see higher stock price.
razo2 : and don't forget US government will definitely buy the oil. is not because of the recession. do a bit of reading then you will understand why US was so angry yesterday.