Black Gold – Oil Update …

Left for dead, just a few weeks ago… Goldman Sachs said

 It’s too late for OPEC to save oil

Update

Here is the latest rig count via Baker Hughes/Business Insider.

3-2016 Baker Huges Rig Count.png

So if there is less drilling …. What does that do to prices ?

3-20-16 Crude Spot

It is of course a volatile market, but frequently the giant headline calls… are just that, calls … and not real!

It will cost more to fill up our cars…a small price to pay !

Have a great day !

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
www.jkfinancialinc.com
www.street-cents.com

 

 

 

 

 

 

 

 

 

 

 

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