JPMorgan says there may be many oil crises this decade as it lifts rating on energy stocks

JPMorgan says there may be many oil crises this decade as it lifts rating on energy stocks

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JPMorgan on Friday pounded the table for energy stocks, as higher-for-longer interest rates further squeezes the flow of capital into new supply. Europe’s energy stocks XX:SXEP have only gained 10% while oil prices CL.1, have jumped 30%. JPMorgan said it’s recommending the majors over midcaps,…

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