Is It Time to Sell Oil Stocks? They've Had a Great Run.

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 97%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

The main ETF holding oil stocks has more than tripled from the low it hit early in the pandemic. Don't expect to ride it higher.

The main exchange-traded fund holding oil stocks is up more than threefold from the low it hit early in the pandemic. Don’t expect to ride it higher.

West Texas Intermediate crude is now at about $78 a barrel, up from negative territory in April 2020. But WTI, and oil stocks, just can’t seem to surpass certain levels. Both of those levels are so-called long-term resistance, or points at which sellers have come in for more than 10 years now. Worse news in the Middle East or better-than-expected economic demand could send oil prices and stocks up toward those resistance levels, but it would take a significant surprise on either front to send prices above them.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 3. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Oil Stocks Had a Great Run. Now It's Time to Sell.The main ETF holding oil stocks has more than tripled from the low it hit early in the pandemic. Don't expect to ride it higher.
La source: MarketWatch - 🏆 3. / 97 Lire la suite »

European stocks weaken for first time in five daysSupported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch Automation brings you the latest, most pertinent content at record speed and with unparalleled accuracy.
La source: MarketWatch - 🏆 3. / 97 Lire la suite »

Time to Lock in Profits as Stocks Consolidate GainsStocks Analysis by Jani Ziedins covering: S&P 500, iShares Core S&P 500 ETF, SPDR® S&P 500, S&P 500 Futures. Read Jani Ziedins's latest article on Investing.com
La source: Investingcom - 🏆 450. / 53 Lire la suite »