Ummm...well when you sell oil, and the price of oil goes down, your asset value and profits go down and so does the your shareprice.
Companies who rely heavily on oil like QAN have reduced cost and so their shareprice goes up.
People often forget that the demand for oil is fairly fixed. Just because its cheaper doesnt mean Im going to use my car more. Its the oversupply which is pushing the price lower.
Basic fundamentals you idiot. Same old serena!
Oil $47.18US in early trade, page-99
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