Energy is in Serious Danger

Oil fell immediately after the events in Brussels Tuesday, but recovered much of its lost ground by the end of the day. However, oil prices remain threatened by terrorism concerns for two important reasons, and oil prices should decline from here. First, terrorism and the threat of terrorism are a weight on economic growth in Europe and thus energy demand. Second, as media and markets heighten concern over coming days, capital should increasingly seek safety in U.S. assets and the U.S. dollar. Oil, priced in dollar terms, is thereby threatened. Given the OPEC put has been pulled, a bottomless pit awaits. See the full report about why energy is in danger now here.

Energy Relative Shares	03-23-16  AM
SPDR S&P 500 (NYSE: SPY)	-0.4%
United States Oil (NYSE: USO)	-2.4%
iPath S&P GSCI Crude Oil (NYSE: OIL)	-2.8%
United States Natural Gas (NYSE: UNG)	+0.6%
Energy Select Sector SPDR (NYSE: XLE)	-1.2%
SPDR S&P Oil & Gas E&P (NYSE: XOP)	-2.5%
Market Vectors Oil Services (NYSE: OIH)	-1.2%
Exxon Mobil (NYSE: XOM)	-0.2%
Chevron (NYSE: CVX)	-1.7%
B.P. (NYSE: BP)	-1.2%
TOTAL S.A. (NYSE: TOT)	-0.7%
ConocoPhillips (NYSE: COP)	-2.3%
Phillips 66 (NYSE: PSX)	-1.1%
Occidental Petroleum (NYSE: OXY)	-1.5%
Schlumberger (NYSE: SLB)	-0.8%
Baker Hughes (NYSE: BHI)	-1.3%
Halliburton (NYSE: HAL)	-1.7%

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only. Article interests energy investors including Exxon Mobil (NYSE: XOM), BP (NYSE: BP), PetroChina (NYSE: PTR), Petrobras (NYSE: PZE), Royal Dutch Shell (OTC: RYDAF.PK), Total (NYSE: TOT), Chevron (NYSE: CVX), Repsol (OTC: REPYY.PK), ConocoPhillips (NYSE: COP), Eni SpA (NYSE: E), Sasol (NYSE: SSL), Encana (NYSE: ECA), Suncor (NYSE: SU), Imperial Oil (AMEX: IMO), Statoil (NYSE: STO), Cenovus (NYSE: CVE), Transocean (NYSE: RIG), Penn West Petroleum (NYSE: PWE), Continental Resources (NYSE: CLR), Noble (NYSE: NE), Concho (NYSE: CXO), Diamond Offshore (NYSE: DO), Ensco (NYSE: ESV), Whiting Petroleum (NYSE: WLL), Nabors (NYSE: NBR), Pride International (NYSE: PDE), Helmerich & Payne (NYSE: HP), QEP Resources (NYSE: QEP), Enerplus (NYSE: ERF), Rowan (NYSE: RDC), Cobalt (NYSE: CIE), Patterson UTI (Nasdaq: PTEN), SandRidge (NYSE: SD), Schlumberger (NYSE: SLB), Halliburton (NYSE: HAL), National Oilwell Varco (NYSE: NOV), Baker Hughes (NYSE: BHI), Weatherford International (NYSE: WFT), Cameron (NYSE: CAM), FMC Tech (NYSE: FTI), Oil States International (NYSE: OIS), Superior Energy (NYSE: SPN), Carbo Ceramics (NYSE: CRR), Helix Energy (NYSE: HLX), Pioneer (NYSE: PXD), CNOOC (NYSE: CEO), China Petroleum and Chemical (NYSE: SNP), Ecopetrol (NYSE: EC), Canadian Natural Resources (NYSE: CNQ), Apache (NYSE: APA), Anadarko (NYSE: APC), Devon (NYSE: DVN), EOG (NYSE: EOG), Chesapeake (NYSE: CHK).