In its monthly report the Organization of the Petroleum Exporting Countries (OPEC) forecasted that demand for its oil will fall to 28.92 million barrels a day in 2015, more than 1 million barrels less than it is currently producing, according to Reuters. Demand for OPEC oil would fall to its lowest point in more than a decade in 2015 according to the report.
WTI crude oil was falling 4.1% to $61.22 a barrel, and Brent crude oil was falling 3.7 % to $64.38 a barrel Wednesday afternoon following the report.
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TheStreet Ratings team rates WILLIAMS COS INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate WILLIAMS COS INC (WMB) a BUY. This is driven by a number of 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. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, compelling growth in net income, expanding profit margins and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."