Though Wall Street analysts are forecasting that crude oil prices will slide to low $80s a barrel, crude oil prices have only slightly declined by 0.5% to $94 as of July 1, 2011, reflecting Monday’s closed market for the Fourth of July holiday. The volatile price stems from the U.S. Government and the International Energy Authority’s (IEA) recent decision to release 60 million barrels from strategic reserves, alleviating crude oil prices and triggering speculation of where prices will go from here.
Since oil prices and the U.S. dollar have moved in synch this year, the dollar reached its lowest level of the year on April 29, weighed down by WTI Crude, which reached $113.94. Now, oil prices hovering around $90, have injected the dollar with strength countering weak U.S. economic data.
The combination is easing market fear, with stocks supported by a strong broad-based buying trend. Beaconequity.com is highlighting today’s most active stocks today’s session, fueled by consumer confidence, bullish trading trends and recent news and developments.
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Beacon Equity Group DisclaimerThis newsletter is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Beaconequity.com is a wholly-owned subsidiary of BlueWave Advisors.
While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a real licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.
Beacon
Equity Research
Jeff
Bishop
469-252-3505
Beacon Equitypress@beaconequity.com
