Renewed talk of quantitative easing from the Federal Reserve and trouble stirring in Syria have pushed oil prices up this week (to $90 per barrel), and a new round of earnings reports is coming up for oil producers.In addition, the U.S. Energy Information Administration reports that inventories are up by 1.3 million barrels last week, in its most recent weekly crude oil outlook. Troubling GDP reports from the Eurozone, and a promising manufacturing outlook in China round out the key economic news impacting oil stocks.
With that as a backdrop, ...