JPMorgan Sees Increased Oil Demand For Remainder Of 2015

As the price of WTI crude oil was down near 2 percent in early morning, and stock prices were diverging, up near two percent on the day, research last week from JPMorgan points to increasing oil demand. Oil and stocks move in different directions while JPMorgan sees increased demand While oil and stocks typically don’t correlate with one another, oil is often considered a barometer of economic strength. Some traders use oil as an advanced signal regarding the stock market. When oil fades in price, signaling potential economic weakness ahead, a stock market downdraft might follow. This occurred during the…