Libya Crisis Fuels Crude Oil Price Surge
Just thinking out loud as I read the headlines about oil prices pushing $100 a barrel. How about good old NEP, which is under a cloud of worry. It has dropped during the past week, while virtually every other oil producer is up. I know, I know, they are an RTO and they have not exactly been firing on all cylinders, with production down due to infrastructure being damaged by floods. Still, the oil is still there and it is still worth money. I'd argue the drop of NEP since November highs from 7.50 to 5.08 is a bit overdone.