Wednesday, February 18, 2015

Oil market could retest lows

Markets rarely make neat bottoms, especially markets that are as important as crude oil. [They] tend to go down and retest those lows and my bet is that's exactly what's going to happen

[Oil tankers could be one way to play Crude Oil]

We're filling up the tanks in the middle of the U.S. and soon we're going to be filling up tankers in the ocean. Tanker rates are starting to rise, even though the Baltic Dry Index continues to make new lows.