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Reuters BusinessSep 19, 2019
Shares edge up after Fed rate cut, oil prices gain
A gauge of global equity performance edged higher on Thursday, a day after the Federal Reserve cut interest rates, but crude oil prices climbed higher on concerns last weekend's attacks on Saudi Arabia's oil facilities pose supply risks.

KiplingerSep 19, 2019
7 ‘Strong Buy' Oil Stocks to Buy Now
Oil stocks have been put through the volatility wringer of late.

On Sept. 14, drones attacked a key processing facility in Abqaiq as well as an oil field in Khurais, temporarily knocking out about 5.7 million barrels of Saudi daily production. That represents half of Saudi Arabia's output and approximately 5% of global oil supply, so unsurprisingly, the news sent U.S. crude oil prices soaring by almost 15% on Sept. 16 - the largest gain in more than 30 years.

But a day later, oil pulled back nearly 6% following Saudi Energy Minister Prince Abdulaziz bin Salman's announcement that the country's oil production will be back at normal levels by the end of September. Crude closed another 2% lower Sept. 18.

Was this merely a quick flash in the pan for energy investors? Maybe. But heightened regional tensions still could bode well for oil prices in the coming months. And Citi analysts argue that the attacks highlight a fundamental problem for the kingdom's oil production. "No matter whether it takes Saudi Arabia five days or a lot longer to get oil back into production, there is but one rational takeaway from this weekend's drone attacks on the Kingdom's infrastructure - that infrastructure is highly vulnerable to attack, and the market has been persistently mispricing oil," they write.

Here are seven analyst-loved oil stocks to buy in this volatile energy environment. Here, we've used TipRanks' stock screener to find energy stocks that have earned a Strong Buy consensus rating from the analyst community over the past three months. We'll examine each one, including price targets and what the pros are saying about their potential.

SEE ALSO: 25 Dividend Stocks That Analysts Love the Most


Google Business NewsSep 19, 2019
Expert on why Saudi Arabia won't explicitly blame Iran for attacks: 'They would be toast' - Fox News
Expert on why Saudi Arabia won't explicitly blame Iran for attacks: 'They would be toast'  Fox NewsExclusive: Zarif threatens 'all-out war' in case of military strike on Iran  CNNIran warns of ‘all-out war' if US retaliates in wake of Saudi oil facility bombings  Fox NewsThe End of Saudi Arabia's Illusion  The New York TimesTrump Can Still Broker Peace in Yemen—and Defuse Regional War with Iran  NewsweekView full coverage on Google News

Reuters BusinessSep 19, 2019
Shares rise after Fed rate cut, oil prices gain
A gauge of global equity performance rose within 1% of a record high on Thursday, a day after the Federal Reserve cut interest rates, but crude oil prices climbed higher on concerns last weekend's attacks on Saudi Arabia's oil facilities pose supply risks.
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