| It’s not surprising that skepticism persists about signs of an oil industry rebound. After all, the sharp decline in oil prices since mid-2014 brought huge damage to a lot of industries and the stock market — particularly to investors in energy stocks. Indeed, the surprise 75% decline in oil has been a tough headwind to global growth.
So how real is the oil reversal? “Our assumption is that the recent price rebound is durable and mostly grounded in fundamentals,” says Lisa Shalett, chief of investment and portfolio strategies at Morgan Stanley Wealth Management, in a note to clients...............................................Full Article: Source
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