Oil prices are recovering faster than anyone expected. 4 Wall Street banks explain what that means for the energy economy — and share the stocks poised to benefit from the recovery.
Tuesday, 9 June 2020 ()
· After crashing in March, the price of crude oil is recovering faster than banks initially predicted. · Some producers that were forced to pare back oil production are already reversing cuts as a result.
· Still, don't expect oil demand to fully recover before the end of next year, analysts say.
· It could take even...