Crude seems to have established a range in the short term, following months of free falling. Luke Rahbari, CIO of Equity Armor Investments, tells TheStreet’s Jill Malandrino OPEC is looking to break the back of marginal producers. Rahbari believes that price could be somewhere around $45 and crude will remain at these levels until some of these producers come offline, but there will be no V-shaped bounce. Another factor is the strength of the U.S. dollar as commodities are priced in that denomination. While Rahbari is cautious on crude, from an equity perspective, companies with high-quality assets, strong balance sheets and attractive dividend policies like an Exxon Mobil or Conoco Phillips could be a way to participate in the energy space.
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