Archive - Aug 21, 2010 - Blog entry

madhedgefundtrader's picture

Rising oil prices (USO) are going to be a major investment theme from here on. Positioning for $150/barrel oil. Higher crude realizations, a new LNG project coming online in Qatar, and sharply recovering refining margins all contributed to sharp growth at ExxonMobile. Investing in the world’s most conservative company. (XOM).