“The coming commodity price nightmare,” according to Paul R. La Monica reporter for CNN Money. “As long as oil prices remain relatively high, investors are likely to keep searching for other energy sector bets.”
Sure, the oil companies may be cashing in now with crude as high as it is. But it seems as if investors are increasingly coming to the realization that this may be as good as it gets for oil.
Even if oil creeps a little higher from here, that may not be enough to excite energy investors.
“The market requires surprise. The surprise when it comes to higher oil prices is gone,” said Keith Springer, president of Springer Financial Advisors in Sacramento, Calif.
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