Tuesday, November 7, 2017

Oil is breaking out & energy stocks are catching up

“If you like what you see in the oil markets, then you’ll love what you see among energy companies,” Bryce Coward, a money manager at Knowledge Leaders Capital LLC, wrote in a blog posting Monday. Coward estimated that energy stocks in developed markets would have to rise about 20 percent to catch up with crude prices, which have risen to two-year highs.

The chart illustrates the gap by using MSCI stock indexes and Brent crude.

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