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Earnings upgrades for oil firms at highest level since record high oil prices in 2008 featured picture

Earnings upgrades for oil firms at highest level since record high oil prices in 2008

Data from investment bank Morgan Stanley shows earnings estimates for the energy sector are being revised higher than an at any time since oil prices hit $146 per barrel back in 2008. The global benchmark for crude oil, Brent, is trading above $60 per barrel, close to two year highs. There are several factors behind this surge including strong oil demand from China and India and lower ...
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