While the dive in oil prices has been a major drag on financial markets, the 55 percent slide in crude oil prices since June is good news for some.
The consumer discretionary space, for one, is betting that lower energy prices will prompt consumers to devote more of their salaries to clothing, food and cars. Plunging oil prices also set up potential benefits for companies in the transportation and utility sectors.
In Asian trading on Monday, Benchmark Brent and U.S. crude hit their lowest levels since April 2009 on the back of weakening demand in Europe and Asia. U.S. crude oil futures for February fell 78 cents to $47.58 per barrel, while the February Brent contract was down 93 cents at $49.18 a barrel. Refinery disruptions in Philadelphia and Ohio also threaten to add to a growing glut of crude by reducing demand from two sizable plants, including the largest on the U.S. East Coast.
Amid the relentless fall, tell us which sector you think is the biggest beneficiary: