Not to rain on your parade my friend... but aside from some insurance companies (that have already sold off on Friday but could give back some more tomorrow) you're pretty much wrong. If you actually trade, you'll lose your ass on this call. fwiw.On Monday, billions of dollars will be wiped off the stock market with insurance companies at the top of the list. Oil prices are going to be bid $2 higher on the open, along with it's derivatives also being bid higher.
Oil prices are going to be bid $2 higher on the open, along with it's derivatives also being bid higher.
The oil market is open. The price is down 2 cents from Friday's close. You got it wrong on both the magnitude and the direction.