Why It’s Not Time to Buy Oil Stocks Just Yet

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The oil industry is in shambles.

Not only is the coronavirus wreaking havoc, but so is the lack of communication between the Saudis and Russia.  Last checked, crude was down to $21.66 – and still sinking.  Now, after breaking below 2016 support, oil could be headed to lows we haven’t seen since 2001.

All thanks to headlines from Saudi Arabia that there are still no talks with Russia regarding oil prices.  “There have been no contacts between Saudi Arabia and Russia energy ministers over an...

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