Despite Chevron and Exxon Mobil trading below their highs, sub-industries such as transportation and pipelines show resilience, driven by dividends and demand.
Valero Energy Corporation has value and yield for energy investors; the analysts' sentiment is shifting, and the institutions provide a support base.
Oil prices staged massive decline this week due to demand concerns owing to global growth slowdown.
Oil prices increased considerably lately on surprise OPEC+ output cut.
CRAK, XES, PXJ, IEZ and OIH are part of the Zacks top Analyst Blog.
Optimism in the oil space due to China's economic recovery may be marred by the latest global banking crisis and the resultant recessionary fears. However, prolonged under-investment in the space may keep...
As OPEC+ producers agreed on deep output cuts, oil prices have chances to touch $100-level. If this happens, these ETF areas will gain/lose.
These industries sport upbeat Zacks Ranks. Investors can play related ETFs amid volatile market environment.
The month of April was a dismal for Wall Street, thanks to the technology rout.
The margin outlook for refiners look extremely promising due to huge demand for oil. Buyers are looking for alternatives to Russian fuel. Crack spread jumped to a multi-year high level.