Steadily Rising Crude Oil Prices - Chart Of The Day 26 April 2018 - Equitymaster
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Steadily Rising Crude Oil Prices
Apr 26, 2018


Crude Oil Can Give You a Chance to Buy Small Caps at Cheap Prices...

Richa Agarwal, editor of Hidden Treasure, tracks the oil and gas sector very closely. I asked her about rising crude oil prices.

She believes it is a bearish sign for stock markets globally. At the same time, any market correction, will throw up interesting buying opportunities in small-cap stocks.

This is what she said...

  • After hitting a low of US$ 30 per barrel in January 2016, prices have more than doubled to US$ 68 in April 2018.

    The recent news of Saudi Arabia wanting crude oil prices to touch US$ 100 per barrel doesn't help. The 2008 recession was preceded by crude oil touching US$ 150 per barrel. Any movement upwards can result in a possible downturn for the global market.

    While the Hidden Treasure team looks for long-term wealth creators, such macro situations can help to recommend such stocks at a bargain. The ones who keeps calm, when everyone else is losing their heads, will gain the most when the tide turns.

Data Source: Macrotrends, Yahoo finance

This Chart Of The Day was published in The 5 Minute WrapUp - To Win in the Stock Market, You Must Win Big. Here's How...

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