How to Profit as Oil Nears $80

On Tuesday (May 22), West Texas Intermediate crude futures hit $72.72 a barrel, their highest level since 2014. This is just the latest benchmark in a nine-month rally that has seen oil prices soar over 50% since August 2017. Oil's aggressive rally has pushed oil stocks up as well. SPDR S&P Oil & Gas Exploration & Production ETF, an ETF comprised of oil stocks, has gone up 48% since last August. For comparison, the S&P 500 has only gained 13% over the same period. With stocks riding increasing oil prices to new market highs, we've identified the best oil stock to buy as the rally continues. It's a mid-cap oil company that facilitate oil transportation - and it's on track for strong gains. 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 How to Profit as Oil Nears $80 appeared first on Money Morning - We Make Investing Profitable .