The deflation in energy prices has been one of the more sensationalistic headlines in the financial media for the last seven months. The continued month over month declines in crude oil, natural gas, energy stocks, and other associated industries has many experts scratching their heads. The entire sector has defied calls for a bottom and continues to trade with extreme oversold readings.
A look at a chart of the United States Oil Fund (USO) shows just how deep this correction has been since hitting a high last June. This ETF tracks the daily spot price of West Texas Intermediate Light Sweet Crude Oil futures contracts and has declined more than 55% from its 2014 peak.
Read More at: NASDAQ.com
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