Oil Prices - Doha Disaster Means the Ruse is Up

Expect oil prices to take a big hit Monday, as the highly anticipated oil producers’ meeting in Doha fell short of the high hopes priced into oil for it. Energy ministers disbanded Sunday without a formal production freeze in place, as Saudi Arabia and Iran jostled for their national interests and market share. Crude prices started to express trepidation heading into Sunday’s highly anticipated oil producers’ meeting in Doha, Qatar. Various rumblings and rumors raised doubt about the meeting’s hopeful prospect of a formal oil freeze agreement. The worst case scenario played out and oil prices are likely to fall further as a result. See the full story at Doha Disaster - The Oil Ruse is Up.

Energy Relative Shares	April 15, 2016
SPDR S&P 500 (NYSE: SPY)	-0.1%
United States Oil (NYSE: USO)	-2.2%
iPath S&P GSCI Crude Oil (NYSE: OIL)	-2.7%
United States Natural Gas (NYSE: UNG)	-2.8%
Energy Select Sector SPDR (NYSE: XLE)	-1.4%
SPDR S&P Oil & Gas E&P (NYSE: XOP)	-1.8%
Market Vectors Oil Services (NYSE: OIH)	-0.9%
Exxon Mobil (NYSE: XOM)	-0.5%
Chevron (NYSE: CVX)	-0.8%
B.P. (NYSE: BP)	-0.9%
TOTAL S.A. (NYSE: TOT)	-1.2%
ConocoPhillips (NYSE: COP)	-1.2%
Schlumberger (NYSE: SLB)	-1.2%
Halliburton (NYSE: HAL)	-0.3%

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