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Real Time Insight

I took a look at the price of oil recently and noticed that it was lower again. Then I looked at the graph below and noticed how the price has moved down in "legs" over the last two months.

It all got me thinking about the demand for oil and why is it slowing down. We heard not too long ago that China had slowed its purchases and amassed a pretty large stockpile, but why other factors are out there causing this price decline?

Since oil is key component in global production, transportation and commerce, there is no one right answer ... so what do you think is driving the price lower now and will we see another leg lower?

Chime in below and I will throw my two cents in as well!

Zacks Releases Their 7 Best Stocks for September, 2014

These 7 were hand-picked from the list of 220 Zacks Rank #1 Strong Buys with earnings estimate revisions that are sweeping upward. Their stock prices are expected to rise sooner than the others.

Today, this Special Report is available to new Zacks.com visitors free of charge.

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Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
ERBA DIAGNO… ERB 3.80 +7.04%
BANCO DO BR… BDORY 14.74 +5.66%
AIR INDUSTR… AIRI 9.99 +4.15%
EQT MIDSTRE… EQM 98.14 +3.38%
WEATHERFORD… WFT 23.64 +3.10%