Is Oil a Contrarian Trade Today?

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

No $100 oil coming soon … but is a rebound coming in Q4? … the contrarian case based on extreme pessimism … long-term tailwinds blowing … attractive Big Oil valuations Don’t expect $100-per-barrel oil anytime soon. Last week, the world’s top crude exporter, Saudi Arabia, reported it will give up its $100 price target as…

The post Is Oil a Contrarian Trade Today? appeared first on InvestorPlace.