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Will 2018 be the year of oil stocks? Investors bet big on crude's recovery

However, fears that advances in electric vehicles will undermine longer-term demand for oil still overshadow the sector

Reuters  |  London 

Investors are gaining confidence - up to a point - that 2018 will be the year of oil stocks. While shares in top energy companies have risen since mid-2017, they have failed to keep step with recovering crude markets, opening up a historically unusual performance gap. Big oil stocks have also underperformed broader equity indexes. Uncertainty over whether the crude rally can stick and fears that advances in electric vehicles will undermine longer-term demand for oil still overshadow the sector. But a brighter outlook for oil prices compared with the slump of 2014-15 - coupled ...

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First Published: Fri, January 05 2018. 13:18 IST
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