What We Expect From Oil Prices
How the vaccine affects this sector, and two of our top picks.
|Editor’s note: Read the latest on how the coronavirus is rattling the markets and what investors can do to navigate it.|
David Meats: Widespread lockdowns are still depressing global crude consumption. A second wave of infections is still buffeting much of the Northern Hemisphere, especially Europe and the U.S., triggering more lockdowns and travel restrictions. But the market sees light at the end of the tunnel. A spate of successful vaccine trials followed by regulatory approvals and initial inoculations in some countries has sent stocks roaring higher.