Apparently crude oil prices dropped to a four week low to $79.02/barrel. I want to know how it could affect a company I might potentially invest in.How should falling crude oil prices affect earnings of a oil refinery company?
Like Douglas says, oil is still likely to go up.
In the event it didn't, and assuming the continuing high demand, I guess that it would be likely to increase the earnings of an oil refinery company. It would mean that they have cheaper materials to work with.How should falling crude oil prices affect earnings of a oil refinery company?
Oil is a good investment. Folks that invested 4 years ago are rolling in the dough. The price will continue to vary but overall will continue to climb. Many nations depend on oil and finding more of it is quite the challenge these days.
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