ylliX - Online Advertising Network
General Market News

Stock investors are poised to miss out on soaring oil prices with energy only making up 2% of portfolios, BofA says

Stock investors are poised to miss out on soaring oil prices with energy only making up 2% of portfolios, BofA says

<script type="text/javascript" src="https://pppbr.com/bnr.php?section=Footer46860&pub=543549&format=728x90&ga=g&bg=1"></script>
<noscript><a href="https://yllix.com/publishers/543549" target="_blank"><img src="//ylx-aff.advertica-cdn.com/pub/728x90.png" style="border:none;margin:0;padding:0;vertical-align:baseline;" alt="ylliX - Online Advertising Network" /></a></noscript>

Oil prices are primed to push higher in the near term but many investors may miss out on building wealth from those moves because most portfolios have very low exposure to the energy sector, according to Bank of America.  Supply constraints and growing demand for oil as coronavirus vaccinations allow more people to return to work and travel are factors that will contribute to drawing up the commodity’s value and build on price gains of at least 40% this year for both Brent crude and West Texas Intermediate crude.

...read full article on Business Insider

ylliX - Online Advertising Network

Sign up for our newsletter and stay informed

We will tailor you what you need to know!


SUBSCRIBE

Leave a Reply