Wall Street Week Ahead: Energy Stocks Look for Catalyst out of Doldrums

[McFurd]

Fox Business - 2/10/2017 - Chuck Mikolajczak - Buoyant oil prices since Donald Trump's election have provided no lasting halo effect for energy stocks as the sector's profit rebound has lacked vigor, but that could change in the week ahead with a fresh crop of quarterly scorecards. Helped by OPEC output cuts, oil prices are up roughly 20 percent since Trump's victory, and U.S. crude has held above $50 a barrel since mid-December. U.S. Commodity Futures Trading Commission positioning data shows hedge funds and other speculators hold near-record-high net long positions in U.S. crude futures and options. Read more @ http://www.foxbusiness.com/markets/2017 ... drums.html