Oil stocks surged on Monday after a drone strike on two oil facilities in Saudi Arabia sent crude prices skyrocketing.
The weekend attack on two of Saudi Arabia's main oil facilities sparked a rally in global prices for the commodity. Oil stocks are surging as investors are looking to capitalize on the expected tightening supply in the coming weeks. Credit Suisse published a list of companies who stand to benefit from a rise in prices, in order of whose cash flow per share would rise the most in the event oil prices jumped $5 per barrel.
The weekend attack on two of Saudi Arabia's main oil facilities sparked a rally in global prices for the commodity. Oil stocks are surging as investors are looking to capitalize on the expected tightening supply in the coming weeks. Credit Suisse published a list of companies who stand to benefit from a rise in prices, in order of whose cash flow per share would rise the most in the event oil prices jumped $5 per barrel.
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