home Finance, Oil Prices, Oil Stocks Oil Stocks to Avoid in 2016 – and One Type to Buy Now

Oil Stocks to Avoid in 2016 – and One Type to Buy Now

Yes, many investors are wary of oil stocks during this low price environment. After all, West Texas Intermediate (WTI) crude oil prices are down 27% since the start of the year, and many analysts expect them to move lower.

But Money Morning Global Energy Strategist Dr. Kent Moors – a 30-year veteran of the oil industry who has advised some of the largest oil-producing nations in the world – says you can still profit from the volatile price environment. It all comes down to avoiding one type of popular oil stock in favor of a lesser-known type of investment.

Before we discuss which oil stocks to avoid, here are the main reasons why oil prices are plunging this year…

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