Oil popped 8% Thursday, but oil company stocks gained just 0.5%. It suggests the stocks already reflect most of the higher crude prices.
Source: https://www.barrons.com/articles/oil-stocks-look-tapped-out-…
Oil popped 8% Thursday, but oil company stocks gained just 0.5%. It suggests the stocks already reflect most of the higher crude prices.
Source: https://www.barrons.com/articles/oil-stocks-look-tapped-out-…