Oil Prices Are Approaching Multiyear Highs: Is It Time to Buy Oil Stocks?

Matthew DiLallo, The Motley Fool
·4 min read
Oil Prices Are Approaching Multiyear Highs: Is It Time to Buy Oil Stocks?

Crude oil prices have rallied roughly 25% so far this year, pushing them past $60 a barrel. The recent surge in crude prices has given most oil stocks the fuel to rally sharply. The iShares US Oil & Gas E&P ETF -- an ETF that holds nearly 40 oil stocks -- has rallied more than 35% this year.