Not only
did oil rebound, but several companies reported stronger - than - expected second - quarter results, suggesting that better days lie ahead.
Not exact matches
This prompted a
rebound in commodities, including
oil, as well as in value stocks, which tend to
do better when growth expectations are buoyant.
So the sharp fall in
oil prices has certainly been disruptive, but stabilization from distressed trough levels should be good for economic growth even if the price of
oil doesn't
rebound back to peak levels of above $ 100 a barrel in 2014.
The
rebound in
oil prices hasn't been enough to dent consumer confidence, and while there are signs of froth in some markets, we don't see any significant bubbles ready to burst.
But even as the energy sector
rebounds from a three - year downturn, the Conference Board
does not expect the Canadian
oil sector to post the record $ 116 billion in revenue it
did in 2014 — when
oil prices were over US$ 100 per barrel — until 2021, when it is expected to pull in $ 119 billion.
SF Austin runs like a well -
oiled machine on offense and
does a phenomenal job getting
rebounds on the offensive glass.
Last month Exxon announced it could be forced to wipe billions of barrels of tar sands reserves from its books if
oil prices don't
rebound before the end of the year.
This year I want to stick to my monthly budget utilizing YNAB,
do a detoxing / purifying exercise at least weekly (
rebounding, dry brushing,
oil pulling...), meal plan on Sundays, and eat more veggies by drinking smoothies and having meat free meals.