Energy was the second-best-performing sector of the S & P 500 last week, as investors flocked back into the stocks amid a recent dip in oil prices. Despite last week's rebound, the sector is still down about 5% in the past month, however, and oil prices are hovering near their Dec. 2021 lows.
Thummel sees global oil demand hitting a record high in 2023, with oil prices rebounding to a range of between $80 to $90 a barrel by the end of the year — even if a recession strikes. A different way to play oil Fund manager James Davolos has a different way to play the energy sector. He likes Viper Energy Partners , which owns a royalty portfolio of oilfield assets.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Top Wall Street analysts prefer these five stocks despite ongoing uncertaintyTipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, including Apple and Foot Locker. For my experience, when you read about free stock tips in CNBC, it’s usually too late to buy those stocks even if they are good stocks. Remember - there’s no free lunch in Wall St. 😉😁
Source: CNBC - 🏆 12. / 72 Read more »
These are the three most disliked Dow stocks by Wall Street analystsThe Dow Jones Industrial Average gained 1.2% last week. Yet it was anything but a smooth ride for investors. Why INTEL building chip factories in USA?
Source: CNBC - 🏆 12. / 72 Read more »
Wall Street is thirsty for its next big investment opportunity: The West's vanishing waterCritics accuse Greenstone — a subsidiary of the East Coast financial services conglomerate MassMutual — of trying to profit off Cibola's most precious and limited resource: water.
Source: KSLcom - 🏆 549. / 51 Read more »