Big oil stocks not lifted by rising gas prices
There’s a flip side to the $4-a-gallon gas that drivers can expect soon. It’s the opportunity that costlier fuel creates for investors. Yet this year’s 10 percent jump in oil prices has done little to lift the stocks of big oil producers. Exxon Mobil and Chevron are barely up, and are lagging the broader market. A look at the outlook for oil stock according to top mutual fund managers, including a specialist in energy stocks.