Outside of individual's holding crude oil stocks, damage to the economy from the fall in oil has been pretty minimal so far. Indeed, the price cut in home heating oil and gasoline has probably outweighed the damage from lower oil prices, so far. Unfortunately, this situation may not last.
Uranium stocks got hammered last year in the wake of the Fukushima disaster. But now, roughly one year later, uranium mining stocks have finally begun to bounce back... just like we told you they would.
Oil prices rose about 5% last week to finish only a dollar short of regaining triple-digit status. Since dipping below $80 per barrel on Oct. 3, West Texas Intermediate (WTI) prices have increased almost 28%.