Is It Too Late for Oil Stocks?
Since the oil and gas crash of 2014 and 2015, the industry has been mostly out of favor on Wall Street. Between 2017 and 2020 the energy sector produced a negative 39% total return compared to the market's over 80% gain -- taking the meaning of underperformance to a whole new level.
But in 2021, energy has so far been the top-performing sector as Saudi Arabian oil cuts have pushed West Texas Intermediate (WTI) crude oil prices above $50 for the first time since February 2020. Let's take a deep dive into the sector to determine where oil is going, if it's worth investing in -- and if so -- what stocks are the best buys right now.
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Source Fool.com