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Oil Soars 10%: 2 Best Buys Now

TheMotleyFool

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Oil Soars 10%: 2 Best Buys NowPhoto, wide shot, wide-angle lens, Coal company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by David Maisel: https://img.midjourneyapi.xyz/temp/2a011bdc-adca-4de9-8457-d868b31178cf.png

On Monday morning, prices of West Texas Intermediate (WTI) crude oil were up over 10% as the market rallied behind news of a coronavirus vaccine candidate and a Biden presidency.

Higher oil prices tend to benefit oil and gas stocks, but there's plenty of companies that would struggle at even higher oil prices. Here's what to avoid and what to buy on the news.

Image source: Getty Images.

Source Fool.com

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