Barclays Says It's the Best Buying Opportunity in 20 Years for These Oil Stocks

Barclays says it's the best buying opportunity in 20 years for these oil stocks

Oil service providers, such as Halliburton, should gain as commodity prices appear poised to stay high, with or without the Iran war, the bank says.

Goldman Says Global Oil Stocks Approaching Eight-Year Low, Depletion Speed a Concern - Energy News Beat

Global oil inventories are rapidly approaching their lowest level in nearly eight years, according to a new analysis from Goldman Sachs. The investment bank warned that the pace of depletion has become a major concern amid ongoing supply disruptions, particularly restrictions on flows through the Strait of Hormuz. Goldman estimates that total global oil stocks currently stand at the equivalent of 101 days of global demand. Without a swift resolu…