These Oil Stocks Are Throwing Caution to the Wind
Oil prices have been in rally mode for the past several months. Crude oil is already up roughly 25% this year to more than $60 a barrel. While recovering demand has helped push oil higher, it's getting a lot of support from OPEC and other producers, which are holding back supply. Most oil companies plan to keep their production flat this year, since the market doesn't need any more oil.
However, some oil companies are getting itchy now that crude prices have recovered. That's leading them to go against the grain and ramp up their drilling programs. That decision could come back to bite them if crude oil prices cool off.
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Source Fool.com
