Oil Stocks Are Looking Stretched to Traders as Earnings Loom

Oil Stocks Are Looking Stretched to Traders as Earnings Loom

Shares of oil and gas companies are rallying this year, powered by windfall profit growth as the war in the Middle East pushes crude prices higher. Yet, their momentum has Wall Street traders expecting a pullback.

Shares of oil and gas companies are rallying this year, powered by windfall profit growth as the war in the Middle East pushes crude prices higher. Yet, their momentum has Wall Street traders expecting a pullback.
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Bloomberg — Markets (EN)




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