Jeff Powell, chief investment officer at Polaris Greystone Financial, blamed much of oil’s decline on OPEC’s failure to cut production. “You’ve also seen a lot of efficiencies created as oil has dropped within the fracking segment of the U.S. market, so a lot of the production that’s going on in the U.S. really hasn’t slowed down even though you have seen this material drop in oil price,” Powell told CNBC. Read More
THIS WEBSITE IS SOLELY FOR INFORMATIONAL PURPOSES. PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RETURNS. INVESTING INVOLVES RISK AND POSSIBLE LOSS OF PRINCIPAL CAPITAL. NO ADVICE MAY BE RENDERED BY POLARIS WEALTH ADVISORY GROUP UNLESS AN INVESTMENT MANAGEMENT AGREEMENT IS IN PLACE.