The weekend attack on two of Saudi Arabia's main oil facilities sparked a rally in global prices for the commodity. Oil stocks are surging as investors are looking to capitalize on the expected tightening supply in the coming weeks. Credit Suisse published a list of companies who stand to benefit from a rise in prices, in order of whose cash flow per share would rise the most in the event oil prices jumped $5 per barrel.
The weekend attack on two of Saudi Arabia's main oil facilities sparked a rally in global prices for the commodity. Oil stocks are surging as investors are looking to capitalize on the expected tightening supply in the coming weeks. Credit Suisse published a list of companies who stand to benefit from a rise in prices, in order of whose cash flow per share would rise the most in the event oil prices jumped $5 per barrel.
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Australia stocks set to trade little changed; oil prices spike 13% after attacks on Saudi oil productionInvestors will watch for market reaction in shares of oil companies across the region on Monday, following a surge in crude prices after drone attacks hit Saudi oil supply. A spike just in time for the IPO ... how convenient. Just the beginning. $100 oil coming. Billions to be made in this IPO.
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