NEW YORK (TheStreet) -- Oil has been under $100 a barrel in the last week, a prospect I did not see as likely. I spoke about this strange discount in the price of oil with Jim Cramer and the opportunities I see in an oil market that is surprisingly "on sale."
I have never seen global oil supplies in as sharp risk as they seem to be today. There is continuing unrest in Ukraine and resultant tensions between Russia and the EU. There is a continuing Syrian conflict. Kurdish oil resources are at risk in Iraq. Libya cannot find a stable government to administer its oil resources in the East of the country. I could go on.
Yet, oil has dropped significantly, going under $100 a barrel for the first time in months.
Follow @dan_dicker This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
TheStreet Ratings team rates NOBLE ENERGY INC as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate NOBLE ENERGY INC (NBL) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. You can view the full analysis from the report here: NBL Ratings Report
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