Fears that soaring crude will take out housing, banks, autos and commercial construction simply haven't materialized yet.
There's enough reserve capacity to offset any major supply disruptions, and OPEC's lack of urgency may be the single biggest sign that the crisis may soon pass.
Gold prices top all-time highs as the unrest in the Middle East and North Africa continues, but the news isn't all good for those mining the metal.
Exchange-traded funds tracking oil, alternative energy stocks and energy-producing countries like Canada and Russia will be in the spotlight as global unrest continues.
United has dropped so sharply on oil prices that it now looks attractive.
As the supply gets squeezed, these companies stand to benefit.
| Tags: | energyoilTheStreetcom |
United and Delta lead the decline as violence in Libya sends oil prices up.
The violence in Libya is weighing down stocks, but it will not ultimately harm the earnings of many companies.
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