The ‘smart money’ is investing in oil now

Many parts of the U.S. stock market look expensive these days, but prices have fallen dramatically in the energy sector from over $100 a barrel in the summer to under $50 now. Private equity firms are raising vast sums of money to buy oil assets on the cheap. Blackstone Group (BX) alone launched a $...
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Why oil could be going back to $70

Oil has fallen too far too fast, and benchmark Brent crude could be back at $70 or $80 per barrel, the CEO of Signal Investment Research said Tuesday. Stephen Davis said on CNBC’s “Squawk Box” he sees oil prices bouncing $10 In the next three to six months and believes prices could...
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