| The news on oil is still mostly bearish—BP announced a $3 billion cut in capital expenditures for 2015 on Tuesday—but analysts and strategists are again trying to call a bottom. Raymond James' Jeff Saut told CNBC Monday that oil has indeed found a bottom.
This morning, following a disappointing earnings report from Anadarko Petroleum, Stifel upgraded the stock to a "buy" from "hold," saying it expects oil prices to improve in the second half of the year. "We anticipate a rebound in oil prices as U.S. supply growth slows, demand improves, and the dollar potentially tops and begins to weaken over the next 12 to 18 months," Stifel analysts wrote...............................................Full Article: Source
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