Why Drilling Ruling Failed to Spark Oil
By Matt Roma • Jun 23rd, 2010 • Category: Broker Commentary, Market Updatesby Matt Roma Crude oil futures prices didn’t leap higher after a federal judge recently ruled to overturn a six-month ban on new deepwater drilling in the Gulf of Mexico. That may seem puzzling to many investors. While there are certainly many more factors at play, the drilling ruling should cause downward, not upward, pressure [...]
