Oil Majors Rebound As Breakevens Hit $50 Per Barrel

The earnings reports for the oil majors are widely expected to
reveal sharp improvement for the oil industry, finally rebounding
after more than three years of low prices. And it could get even
better going forward, with oil prices seemingly safe from sub-$50
territory. “Because the price of oil started so low in [the third
quarter] and gradually increased throughout the quarter, we’re
really not expecting to see that flow through to earnings this
quarter. It will likely be next quarter,” Mark Tepper, president
and CEO of Strategic Wealth Partners,…

The earnings reports for the oil majors are widely expected to
reveal sharp improvement for the oil industry, finally rebounding
after more than three years of low prices. And it could get even
better going forward, with oil prices seemingly safe from sub-$50
territory. “Because the price of oil started so low in [the third
quarter] and gradually increased throughout the quarter, we’re
really not expecting to see that flow through to earnings this
quarter. It will likely be next quarter,” Mark Tepper, president
and CEO of Strategic Wealth Partners,…