FAST MONEY FEATURES
FAST MONEY POLLGet in the post game. Respond to our "Question of the Day" right now.
FULL SHOWSMissed an episode of Fast Money? Watch the lastest show here.
TRADE SCHOOLGrab a pencil because school is in session and the Fast Money traders are teaching class.
FAST MONEY PODCASTSDownload Fast Money onto your MP3 Player.
FAST MONEY WIDGETGrab this all-in-one application and get recaps of the show sent right to your desktop or blog.
SHOP FOR FAST MONEY MERCHANDISEGet your game on with Fast Money gear.
FAST MONEY PHOTOS!Check out our scrapbook. These "pix" are guaranteed winners.
NEWSLETTERSign up and receive a recap email every Friday after the show!
FAST MONEY MOBILE ALERTSGet advanced information about the next Fast Money.
Text Size 
 |
A pullback in crude prices should mean rising opportunities in international oil stocks, but which ones? Find out from Fast Money's favorite international trader, Tim Seymour.
Crude oil prices dropped sharply for a second day on Wednesday after a U.S. government report showed a surprise increase in inventories and continued weak demand in the world's top consumer nation.
We’re seeing demand destruction, that’s clear, says Tim Seymour on CNBC’s Closing Bell. But it means different things for different companies.
Obviously refiners do better in this environment. I’m looking at *PetroChina [PTR
Loading...
()
] and Sinopec [SHI
Loading...
()
]. Not only have these companies been penalized by higher prices with weak refining margins, but they are also bearing the burden in China of subsidized oil prices. With lower oil prices on the horizon these guys should begin to see margin expansion.
Also keep an eye on banks around the world that have been getting hit by inflation, Seymour adds. I’m talking places such as Brazil, Russia and Turkey where rising interest rates are putting a crimp on margins. They could benefit if oil prices drop and as a result we start to see a turn on inflation.
*******
*Notes a company in Tim Seymour's Emerging Money Top 20, an index made up of 20 firms poised to profit from explosive global growth.
______________________________________________________
Got something to to say? Send us an e-mail at and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment but not have it published on our website send your e-mail to .
Trader disclosure: On July 16, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (GS), (MSFT), (USO), (WMT); Adami Owns (C), (AGU), (GS), (INTC), (NUE), (BTU), (MSFT); Najarian Owns (AAPL), (NOK), (TSO), (XLF), (GS); Najarian Owns (ANR) Puts; Najarian Owns (CSCO) Calls, (PRU) Calls, (SLB) Calls, (UYG) Calls, (YHOO) Calls; (WLT) Calls; Finerman Owns (GS); Finerman's Firm Owns (MSFT), (NOK), (SUN), (TSO), (TWX), (VLO), (AXP), (M); Finerman's Firm Owns (TGT) Calls; Finerman's Firm And Finerman Own (C) And (C) Leaps; Finerman's Firm Is Long SPX Index Puts; Finerman's Firm Is Short (IJR), (MDY), (SPY), (IWM); Seymour Owns (AAPL), (F), (INTC), (MER), (MSFT), (TSO); Seygem Asset Management Owns (EEM), (VIP)
Data is a real-time snapshot *Data is delayed at least 15 minutes