As crude oil futures were slaughtered, the PreMarket Prep crew debated when this trend would finally spill over into the oil sector. In this sense, ExxonMobil Corp XOM is Fridays PreMarket Prep Stock of the Day.
Crude Oil Futures Cave During Show: The discussion was stimulated by the steep decline towards the end of the show. In fact, the December contract, which peaked at $89.25 earlier in the week, dipped below $70 for the first time since October 3rd.
