December bump in oil prices not enough to salvage energy earnings
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NEW YORK (Reuters) - Investors hoping a late-2019 rise in oil prices will buoy energy stocks are likely to be disappointed when a raft of companies report results in coming weeks. Energy stocks were among the S&P 500's worst performers over the last decade, as concerns over an oversupply of oil hurt earnings and share prices. December saw a brief reversal, as optimism over a U.S.-China trade deal boosted prices for WTI crude by 10% to over $60 a barrel. Rising oil prices helped the energy..