S&P 500 (SPY ETF) and Barrels of Oil

S&P 500 (SPY ETF) and Barrels of Oil The long stocks/short oil trade has been a winning strategy since 2008. Image: BofA Global Investment Strategy

Global Oil Demand Growth by Sector

Global Oil Demand Growth by Sector Global oil demand is recovering sequentially as the world’s coronavirus lockdowns are being eased. Image: BofA Global Research

U.S. Five-Year Inflation Swap and WTI Oil

U.S. Five-Year Inflation Swap and WTI Oil Chart suggesting the correlation between inflation expectations and oil prices. Image: Morgan Stanley Wealth Management

Brent Oil Price Forecast for 2021

Brent Oil Price Forecast for 2021 Goldman Sachs is more bullish and boosts oil forecast for 2021. Image: Goldman Sachs Global Investment Research

WTI Crude Oil vs. S&P 500 Energy Index

WTI Crude Oil vs. S&P 500 Energy Index U.S. energy stocks continue to trade at low levels relative to crude oil prices. Image: Morgan Stanley Wealth Management

Valuation – Energy Sector Returns vs. Long-Term Oil Prices

Valuation – Energy Sector Returns vs. Long-Term Oil Prices Is the energy sector a relative bargain? Is the energy sector a relative bargain? Goldman Sachs is still “underweight” energy stocks. Image: Goldman Sachs Global Investment Research