Wall Street Greek: Oil has Collapsed Since Our March 23 Warning at Peak

Weighing the positives and negatives, the upside and downside, I see an imbalance of risk for oil, and unfortunately it is to the downside. The price of oil has already come back a good deal since my report from March 23rd, Why Energy is in Serious Danger, and it is down significantly even since I theorized this article a few days ago. But the situation can get worse, and I expect it will. See more of this oil report here.

Energy Relative Shares	March 22 to April 5
SPDR S&P 500 (NYSE: SPY)	-0.2%
United States Oil (NYSE: USO)	-13.4%
iPath S&P GSCI Crude Oil (NYSE: OIL)	-13.8%
United States Natural Gas (NYSE: UNG)	+0.6%
Energy Select Sector SPDR (NYSE: XLE)	-4.3%
SPDR S&P Oil & Gas E&P (NYSE: XOP)	-5.4%
Market Vectors Oil Services (NYSE: OIH)	-5.6%
Exxon Mobil (NYSE: XOM)	-2.3%
Chevron (NYSE: CVX)	-3.0%
B.P. (NYSE: BP)	-6.5%
TOTAL S.A. (NYSE: TOT)	-5.2%
ConocoPhillips (NYSE: COP)	-6.9%
Phillips 66 (NYSE: PSX)	-5.9%
Occidental Petroleum (NYSE: OXY)	-3.1%
Schlumberger (NYSE: SLB)	-1.3%
Baker Hughes (NYSE: BHI)	-15.2%
Halliburton (NYSE: HAL)	-4.4%

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).