FBC MONEY With Melissa Francis May 5, 2015
Lets go to Energy Trader phil flynn at cme. He is also a fox business contributor. Phil this is significant right . It is very significant. What it is sending a message to bearish traders that oil prices can go down and they can go up. People have to realize, we significant change in the fundamentals when prices crash. Billions of dollars of Capital Spending cuts, rig count cuts. And now, u. S. Production falling. And that is one of the reasons were really seeing this market turn around. Melissa a lot has to do with libya as well . I think libya is definitely the factor propelling us higher bu...
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