Oil Prices bounced back from last month’s tumble. During July, the price of WTI oil rose by 7.6%; United States Oil (NYSEMKT:USO), by 7.4%. The recent decline in the Euro/USD may have curbed the rise in oil prices. The fundamentals…
Oil has tumbled down in recent weeks and in the process it dragged along with it many energy stock prices including the leading energy stock Chevron Corporation (CVX). Oil prices and by extension United States Oil (USO) has lost over…