Oil was down $1.5 this morning several hours ago
Now only down 50 cents
Oil 37.08 -0.51 -1.36
such a steep and sudden rebound could constitute a double bottom from the lows made 3 weeks ago. Also energy and commodities have been hit this hardest in the past week ad deserve to rebound considering energy output has only fallen very little in the past 6 months but supply keeps getting cut.
Now only down 50 cents
Oil 37.08 -0.51 -1.36
such a steep and sudden rebound could constitute a double bottom from the lows made 3 weeks ago. Also energy and commodities have been hit this hardest in the past week ad deserve to rebound considering energy output has only fallen very little in the past 6 months but supply keeps getting cut.