| From Forbes: BofA Merrill Lynch equity analysts are bullish on energy for the full year despite the current lull in oil prices. After lagging last year, energy will surge this year as global oil demand rises to rival 2008 levels fueled by emerging economies and a recovery in mature economies, according to a BofA Merrill Lynch Global Research report released Tuesday.
The analysts prefer oil and oil service companies over natural gas based on their outlook for oil prices driven by global demand versus supply, noting that natural gas is primarily a regional U.S. market mired by oversupply....................................Full Article: Source
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