Oil Markets Point to Global Energy-Stock Rebound: Chart of Day
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Oil markets are sending signals that it’s time for energy companies to start beating stock-market benchmarks, according to Pierre Lapointe, a strategist at Brockhouse & Cooper Inc.
The MSCI World Energy Index, consisting of oil and gas producers based in developed markets, gained just 0.4 percent this year through yesterday. The MSCI World Index increased 5.6 percent during the same period.