Falling Oil Prices Create Uncertain Market
The U.S. stock markets may still be trading near record-highs, but there is a lot of uncertainty in the market now. That’s because oil prices have taken a serious hit recently. Not only is this wreaking havoc on the broader market, but it’s also creating long-term uncertainty. This is creating a new opportunity for penny stocks to watch 2015. Oil prices began to retrace in the summer as a result of weak economic trajectories out of the euro zone, Russia, Japan, and China. Oil prices also slumped due to the increased supply of shale oil.