The market is bullish on oil at the moment. And that’s likely to continue. John Stepek explains why, and picks the cheapest way to play it.
Recent Oil articles
Stocks may be having a hard time of it this year, but oil is faring better.
Opec has joined forces with Russia to mop up much of the oil market glut by agreeing to curtail production.
US oil production eclipsed ten million barrels per day last December, and has nearly caught up with the record set during the Texas oil boom 47 years ago.
The price of oil has now reached $70 a barrel for the first time since early 2015, and is still rising. But unless there is a serious supply disruption, it’s unlikely to go much higher.