Thursday, 24 May 2018 09:40

8 Stocks to Ride the Oil Boom

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(Houston)

Oil has come a long way over the last year, and light years from two years ago. Brent crude is now trading around $80. That has some worried that this big rally might be running out of steam. However, some say it is only in its 2nd or 3rd inning. With that in mind, Barron’s has put out 8 stocks to ride the boom. The big winners seem likely to be the refiners, says Morgan Stanley, who sees oil entering a “golden age”. Some stocks to look at include: Marathon, Phillips 66, Valero Energy, Thai Oil, Repsol SA and more.


FINSUM: Morgan Stanley has done some good analysis of the market, especially looking at future oil supply versus demand, and seems bullish on prices.

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