Morgan Stanley Favors Exxon Over Chevron Amid Rebounding Energy Sector
Oil price is currently trading around the highest level in the past 52 weeks, with expectations that economic recovery will fuel more growth in the days ahead. China, the world’s largest oil consumer, expects double-digit economic growth in the first quarter. Simultaneously, vaccination in the European region and the United States is likely to boost economic numbers in 2021. Traders and analysts have close been watching the cyclical change in the energy market....