Oil Prices Hit $80 pbl

Discussion in 'Options' started by XM911E3, Sep 12, 2007.

  1. XM911E3

    XM911E3

    Hi, I need help to clarify something about the raising oil prices. Oil prices keeps going up everyday till at this moment it's about $78.70.

    1) Why oil drilling and exploration companies like" RIG, GSF, DO " stock prices seems to drop instead of going up? Please help !!!
     
  2. Murray Ruggiero

    Murray Ruggiero ET Sponsor

    Drilling companies lead oil prices, You can even use S&P500 oil groups with drillers and refiners and create a simple intermarket divergence system. Please look at this link

    http://elitetrader.com/vb/showthread.php?s=&threadid=72664&highlight=Crude+intermarket

    This is a thread on intermarket analysis and oil I did about a year ago.