Oil Prices Going Down Will Remove A Lot Of Supply

Crude Oil: With prices going down a lot of supply will go out of the market.

Tickers: Exxon Mobil (XOM), Marathon Oil (MRO), Halliburton (HAL), Energy Select Sector SPDR ETF (XLE), United States Oil Fund LP ETF (USO), Nymex Crude Oil Futures

Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several investing books and also a renowned financial commentator worldwide famous for his contrarian views on financial markets.

Crude Oil: Retesting The Lows

Crude Oil is probably going to retest the lows.

Trading tickers: United States Oil Fund LP ETF (USO), Nymex Crude Oil futures, Exxon Mobil (XOM), Energy Select Sector SPDR ETF (XLE)

Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several investing books and also a renowned financial commentator worldwide famous for his contrarian views on financial markets.

Iran`s Impact On Oil Prices

Iran has been selling oil, they may sell more now but do not think Iran has not been selling oil. There are plenty of people who would buy it, certainly plenty of people in Asia.

So, whatever oil they bring back on the market it is not going to be that much and certainly not that soon.

Trading tickers: Exxon Mobil (XOM), Halliburton (HAL), Marathon Oil (MRO), United States Oil Fund LP ETF (USO), Nymex Crude Oil futures

Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several investing books and also a renowned financial commentator worldwide famous for his contrarian views on financial markets.

Nuclear Deal: It Will Lead To A Test Of The Lows In Oil

Usually when you have a big collapse in anything, it hits a bottom and then there is a big rebound, in America we call it a dead cat bounce, and then you have a second test of the lows. This is going to lead to a second test of the low. There is always a reason for a second test and now we are having it.

Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several investing books and also a renowned financial commentator worldwide famous for his contrarian views on financial markets.

Is Crude Oil Going To Stay Down Forever?

Is Oil going to stay down forever? No.

Remember, the known reserves around the world are in decline, except for fracking.

Trading tickers: Nymex Crude Oil futures, United States Oil Fund LP ETF (USO), Exxon Mobil (XOM), Marathon Oil (MRO)

Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several investing books and also a renowned financial commentator worldwide famous for his contrarian views on financial markets.

Video: Oil Is Not Staying Down For Long

Trading Tickers: United States Oil Fund LP ETF (USO), Nymex Crude Oil futures, Exxon Mobil (COM), Marathon Oil (MRO)

Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several investing books and also a renowned financial commentator worldwide famous for his contrarian views on financial markets.

Crude Oil Will Probably Retest The Lows

The way most markets work when you have a big collapse, there is a bounce, often called a dead cat bounce and then after a while you have a retest of the lows. I would suspect that crude oil is going to retest the lows which was in the 40s or 50s depending if you are talking about Brent or WTI. But yes, I would not be buying crude oil at the moment because I am looking at a retest of the lows. I expect that test to hold.

Trading tickers: Nymex Crude Oil futures, United States Oil Fund LP ETF (USO), Exxon Mobil (XOM), Energy Select Sector SPDR ETF (XLE), Halliburton (HAL), Marathon Oil (MRO)

Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several investing books and also a renowned financial commentator worldwide famous for his contrarian views on financial markets.