Oil's 70% Decline Foreshadowed By Rockefeller Announcement

By Unknown Tuesday, January 12, 2016
Since 2014, oil prices have declined by more than 70%, rattling global markets. Reasons for the decline include a supply glut, slowing economic growth, and even a strengthening dollar according to Morgan Stanley analysts.

One event that foreshadowed this precipitous decline in oil prices was the Rockefeller's announcement that it was their 'moral obligation' to divest their fund from all fossil fuels and instead invest in clean energy. Great timing on their part, since the announcement oil has declined 67%.

Next time the biggest name in a particular industry announces they are selling out, pay attention!
The Wall Street Fox

The Wall Street Fox utilizes fundamental and technical analysis to generate investment ideas. TWSF holds a MBA, and is currently preparing for the Chartered Market Technician (CMT) designation.

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