News Formal

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%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

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.

 

コメントありがとうございます。コメントは審査後に公開されます。
このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 3. in JP

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

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.
ソース: MarketWatch - 🏆 3. / 97 続きを読む »

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.
ソース: MarketWatch - 🏆 3. / 97 続きを読む »

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
ソース: Investingcom - 🏆 450. / 53 続きを読む »