December 18, 2015 - 3:00 AM EST
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OptionRally to Release Their Annual Oil Sector Analysis

OptionRally is expected to release its annual expectations for the oil sector for 2016 to its investors in the coming month. The report presents a negative outlook for oil prices, suggesting that investors should go short on oil at this point.

“We have seen a steep drop in oil prices over the last six months, and I expect the oil downtrend to continue throughout 2016,” reveals George Fox, Senior Broker at OptionRally and one of the report’s writers.

“There are numerous factors that are expected to send oil trending further downward,” explains Fox. “The first factor is China’s slowdown in production which contributes greatly to a weaker world oil demand. Normally, a lower demand for oil drives the commodity prices lower,” states Fox. “Second, we are all aware of the alternative fuel industry that has gained market share over the last several years. This will further decrease oil demand and send oil prices down.”

“Another reason for the slump in oil prices is that the U.S. has begun producing crude (from shale formations) in quantities unseen for two generations. Moreover, the reduction of U.S.-Iran tensions and the lifting of economic sanctions on Iran have resulted in Iran restarting its oil exports, bringing a flood of Iranian oil to an already oversupplied world market, and we all know the effect that it will have on oil prices,” says Kramer.

Fox comes from a strong Financial Services background, having worked for top industry financial firms. In addition to his position as Senior Broker, Fox will soon start working in the Company’s dealing room as the Chief Analyst’s right-hand man.

*This item has been prepared solely for information purposes, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security or instrument or to participate in any particular trading strategy.

OptionRally VIP
Carol Preston
Head of Public Relations
[email protected]

Source: Business Wire (December 18, 2015 - 3:00 AM EST)

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