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3 Charts Show How Overvalued Some Oil Stocks Have Become
The price of oil has climbed sharply in the last month. As of April 17, futures of WTI oil were priced as high as $56.81. That's a gain of more than 29% from their $44.03 bottom from mid-March.
Investors trying to play rebounding prices have flooded into oil stocks in the last month.
The price of oil has climbed sharply in the last month. As of April 17, futures of WTI oil were priced as high as $56.81. That's a gain of more than 29% from their $44.03 bottom from mid-March.
Investors trying to play rebounding prices have flooded into oil stocks in the last month.