Buy This Oil Stock as Crude Soars Above $70

On May 9, oil surged 3% to break $71 a barrel, its highest price level since 2014. A range of geopolitical developments were responsible for the jump - America's exit from the Iran nuclear deal and OPEC's announcement that it would attempt to rein in member output were just a few. However, these short-term gains are just the beginning. You see, while oil may see significant gains in the short term, its long-term growth is even more promising... Tags: oil stocks To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2018 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Buy This Oil Stock as Crude Soars Above $70 appeared first on Money Morning - We Make Investing Profitable .