Oil is in Trouble – Watch the Fed Dot-Plots

Oil is in trouble again. On Wednesday, when the Federal Open Market Committee (FOMC) publishes its economic forecasts, I expect the dot-plots will show Fed rate expectations for this year are higher than the market has currently priced in. If that is the case, then oil investors will have to account for the fact that the Fed is applying the brakes to the suspect economy at a time when energy supply already overwhelms demand. Also the dollar would likely surge on such action, which pressures all commodities. The result is lower energy prices. Oil is in trouble. See the full Oil Warning Report here.

Energy Relative Shares	03-15-16
SPDR S&P 500 (NYSE: SPY)	-0.2%
United States Oil (NYSE: USO)	-1.8%
iPath S&P GSCI Crude Oil (NYSE: OIL)	-2.8%
United States Natural Gas (NYSE: UNG)	+1.9%
Energy Select Sector SPDR (NYSE: XLE)	-0.2%
SPDR S&P Oil & Gas E&P (NYSE: XOP)	+0.0%
Market Vectors Oil Services (NYSE: OIH)	-0.9%
Exxon Mobil (NYSE: XOM)	+0.5%
Chevron (NYSE: CVX)	+0.0%
B.P. (NYSE: BP)	-1.0%
TOTAL S.A. (NYSE: TOT)	-1.7%
ConocoPhillips (NYSE: COP)	-0.5%
Phillips 66 (NYSE: PSX)	+0.5%
Occidental Petroleum (NYSE: OXY)	-1.0%
Schlumberger (NYSE: SLB)	-0.3%
Baker Hughes (NYSE: BHI)	+0.8%
Halliburton (NYSE: HAL)	-1.4%

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).