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Oil’s wild price swings keep stock investors on the sidelines of energy sector

Oil prices rebound after falling below $50 — Here’s what three experts say investors should know

Energy stocks are the worst-performing equities over the last three months, but there’s one small concession for the sector. At the very least, it hasn’t plummeted as much as the oil market.

Oil prices have tumbled about 30 percent after hitting four-year highs at the start of October, with U.S. crude tumbling below $50 a barrel on Thursday after reaching nearly $77 weeks ago. Meanwhile, the S&P 500 energy sector is down roughly 15 percent over the same period.

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Analysts Outline Most Likely OPEC Meeting Scenario

Analysts Outline Most Likely OPEC Meeting Scenario

Just over 800,000 barrels per day will be removed from the market, according to Fitch Solutions Macro Research’s most likely OPEC meeting scenario.

“Our most likely scenario is for OPEC to increase target compliance with the 2016 deal to 200 percent and for OPEC+ to target a return to 100 percent compliance, removing 808,000 barrels per day off the market,” a report from the company, which was sent to Rigzone on Monday, stated.

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