Caterpillar Revised To $85 On Oil Prices, Continued Mining Weakness

Caterpillar's revenue been suffering from a decline in its Resource Industries segment due to weak demand for machinery and equipment in the global mining sector since the end of 2012. To add to its woes, crude oil prices have declined to a level where Caterpillar's (CAT's) Energy and Transportation segment will feel the pinch. This is a cause for concern for the company, since Energy and Transportation was the segment that it was relying on for growth in the short term, as the company's Constru...