Inquiring Mind

Wall Street Breakfast: Must-Know News

"Expensive oil is killing oil companies" is not exactly what that article said -- the figures of 26% and 30.2% are for the decline in profit for non-energy companies in the S&P 500, not for oil companies other than XOM, CVX, and COP. Yes, the oil sector is exhibiting declining margins per barrel but it also had the highest total increase in profit of any sector in the index. I appreciate your summaries of other news sources but you got this story totally wrong.