Energy
Will OPEC Production Cut Come?
Finally, OPEC's most influential members -- especially Saudi Arabia -- have been unable to conceal their concern over the possibility that the U.S. and Europe succeed in engineering renewable energy resources that could compete on a commercial level with crude oil.
Some analysts believe that OPEC is so worried about renewable energy that it is restructuring its internal system to prevent another major spike in the price of crude like the one experienced last summer. If OPEC takes the logical long-term route and keeps production steady, crude oil prices will likely take a hit. This would put downward pressure on stocks like BP(BP), Chevron(CVX), ConocoPhillips(COP), Royal Dutch Shell(RDS.A), and Exxon Mobil(XOM). However, refining stocks like Valero(VLO) and Tesoro(TSO) would likely benefit if OPEC holds.TheStreet Premium Services
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn MoreOptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn MoreReal Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn MoreStocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn MoreTo begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
blog comments powered by Disqus
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,393.45 | 1,310.33 | 2,827.34 | 15.81 |
Oil *
101.78
|
|
DOWN
26.41 |
DOWN
2.99 |
DOWN
10.02 |
DOWN
0.44 |
10 Yr
1.58%
SPDR Gold
151.62
|
|
-0.21%
|
-0.23%
|
-0.35%
|
-2.71%
|
Data delayed 20 minutes |


Connect with TheStreet