JAG - Wall Street Is Bullish on These Oil Stocks Following Crude's Recent Bounce
Oil prices surged to start this week after drones attacked Saudi Arabia's oil infrastructure, which knocked half of its output offline. The initial spike in crude prices caused oil stocks to go ballistic.
While crude has since fallen back down to earth, analysts are growing increasingly bullish on oil stocks. That's because the risk of a supply shock has increased, which will likely cause oil prices to trade at a premium price in the near term. Those higher prices will enable oil producers to make more money.
While that rising tide should lift all boats, analysts are most bullish on the producers that they believe have the most exposure to higher crude prices. Here's a look at their top picks.