Oil Stocks Not Correlated To Crude Oil
b'The crude oil price is getting hit recently. "Oil stocks are not as correlated to crude oil as many investors think. Factors with oil stocks include costs, CEO scandals, and non-GAAP accounting. The crude oil price today is about the gas inventory build and the uptick in refining. Crude will reflect some weakness in terms of travel and industrial manufacturing. We are about to go through a recession," says Bob Iaccino.'