Huge Oil Reports May Want To Placed The Brakes On The Profits-Fueled Rally

Aside from the price of oil, there’s a broader problem for Big Oil: production growth is flat to declining for many of the big names, including ExxonMobil.
ExxonMobil, Chevron and other Big Oil names will begin reporting on Friday.
There’s one potential fly in the ointment: Big Oil.
Beginning in April, analysts started scrambling to reduce earnings estimates for Big Oil.
It happened because no one — not analysts, not strategists, not astrologers — can get the price of oil right.

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