'Everyone is looking for income, so people are going to maybe take a slightly more positive, constructive view on energy,' one analyst said.
Though overall, the sector was still weak even with the oil spike with shares of Exxon Mobil and Chevron dragging the broad energy index lower. The"There will be a geopolitical premium that goes into the oil price and that puts a bid under a lot of oil companies," Alec Young, managing director of global markets research at FTSE Russell, said onon Friday. "Great dividend yields there.
Deutsche Bank's oil analyst Chris Snyder said U.S. oil producers would be the best way to take advantage of the Middle East flare-ups as they have shown an ability to quickly ramp up production in response to commodity price moves. Snyder namedHowever, some believe it's still premature to jump into the struggling group as the post-attack rally could be short-lived.
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