The prices of some of the oil companies vs. oil itself have gotten out of whack. XOM, CVX -- hell, most of the OIH in general (maybe not the refiners like VLO, but still...) -- are trading higher than they were when Lebanon and Israel were exchanging bombs and sending oil into the 70s.
XOM puts anyone?
Note also the impending offshore drilling bill the lame ducks may pass after Turkey Day. That one affects oil as well as natural gas.
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