The OPEC Put – Oil Prices have a Floor

Over the last year, Saudi Arabia has stalwartly guided OPEC’s steady oil production. But as the price of crude breached $30 over recent weeks, significant cracks began to develop in the cartel. It appears that as result of recent comments and actions of important OPEC members, investors are gaining confidence that OPEC has a downside limit. As a result, so do oil prices, even when faced with disappointing data. Thus we have the OPEC put, setting a floor for the price of oil. See the full report The OPEC Put - Sets a Floor for Oil Prices.

Oil Relative Security	2 Days Ended 01/27/16
SPDR S&P 500 (NYSE: SPY)	+0.3%
United States Oil (NYSE: USO)	+7.5%
iPath S&P GSCI Crude Oil (NYSE: OIL)	+6.2%
ProShares Ultra Bloomberg Crude Oil (NYSE: UCO)	+15.2%
Energy Select Sector SPDR (NYSE: XLE)	+3.3%
SPDR S&P Oil & Gas E&P (NYSE: XOP)	+7.0%
Market Vectors Oil Services (NYSE: OIH)	+3.8%
Exxon Mobil (NYSE: XOM)	+1.8%
Chevron (NYSE: CVX)	+3.0%
Occidental Petroleum (NYSE: OXY)	+3.8%
ConocoPhillips (NYSE: COP)	+5.9%

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