Tag: oil

  • Oil prices jump over $70 a barrel today

    Oil prices jump over  $70 a barrel today

    This explains why my oil stocks jumped today as well. The price of oil was on course Tuesday to close above $70 a barrel for the first time in two years on investors’ optimism that improving oil demand and a dwindling supply glut may mean the market can absorb any additional supply from OPEC and […]

  • My strategy on energy stocks

    Oil prices have rebounded post-pandemic. Oil prices have staged a rapid recovery since the biggest crisis to strike the energy industry in decades. The Organization of the Petroleum Exporting Countries and its allies stepped in last spring to backstop the market by slashing production in the teeth of a collapse in crude prices. This week, […]