The Traderszone Network

Published in TZ Latest News 4 June, 2016 by The TZ Newswire Staff

Oil & Gas Stock Roundup: Who Needs OPEC? (XCO, ETE, CPLP, ERF, NGL)

Oil Pump With Partly Cloudy Skies

Oil barely budged this week, closing down less than 2% and just below $48.50 per barrel. That was actually a surprisingly tame response to another failed OPEC meeting, after the organization couldn’t come to an agreement on a production ceiling. OPEC’s failure didn’t seem to faze oil stocks, many of which rallied sharply this week.

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