With crude inventory dipping last week, investor focus has locked in on the space. While analysts had originally expected inventory to increase, data obtained from the American Petroleum Institute found that U.S. Crude inventory dropped by 708,000 barrels. That being said, broader economic concerns have outweighed any inventory declines.“Slowing global activity will see demand drop, so the reality is that oil rallies will be limited,” OANDA senior market analyst Jeffrey Halley commented.However, this is not to say that compelling investments can’t be found in the industry. Using the TipRanks’ Best Stocks to Buy tool, we were able to zero in …read more
Source:: Yahoo Finance
