Profit-Taking In The Oil Market (Video)

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Includes: BNO, DBO, DNO, DTO, DWTI, OIL, OLEM, OLO, SCO, SZO, UCO, USL, USO, UWTI
by: EconMatters

There was a lot of profit-taking on Monday, Feb. 1, 2016, in the oil market. Will we still finish the week higher after such a slow start to the trading week? Well, we did last week, so it's not entirely impossible. Just another day trading in the oil markets. Actually, we saw pretty standard price action for a Monday.