U.S. Steel: Go Oil, Go!
March 30, 2017 at 12:06 PM EDT
Oil has reclaimed $50 a barrel today --and that could be great news for U.S. Steel ( X ) and other U.S. Steel stocks. Why steel stocks? Jefferies analyst Seth Rosenfeld and team explain that the firm's oil services analysts expect the number of rigs in the U.S. to grow to 889 in 2017, from 510 last year, which will require more steel for drilling. And that could mean an earnings beat for U.S. Steel, Rosenfeld says:
