Morgan Stanley says these are the key energy stocks to buy as oil rises to highest levels of the year

Morgan Stanley is banking on higher summer oil prices to extend into the fall. A combination of stronger demand and supply cuts pushed crude oil prices higher in the second half of the summer after showing encouraging signs of lower prices.

which includes Russia and other nations included in the Organization of the Petroleum Exporting Countries, most recently announced an additional supply cut last month equating to about 1.16 million barrels per day. On Tuesday, oil prices notched their highest level since November 2022, according to FactSet data. Morgan Stanley says the U.S. energy sector is trading at a roughly 50% discount compared to the broader market, when judged by enterprise multiple's of some firms.

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Tesla supercomputer could boost EV maker's market cap by $600 billion -Morgan Stanley By ReutersTesla supercomputer could boost EV maker's market cap by $600 billion -Morgan Stanley
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »

Morgan Stanley strategists tout health stocks in 'late cycle' market By ReutersMorgan Stanley strategists tout health stocks in 'late cycle' market
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »