Crude prices and oil stocks jumped Monday after OPEC+ members announced a surprise production cut, giving investors an opportunity to pare back their energy exposure. Indeed, the Club would’ve exited our Devon Energy (DVN) position Monday if not for restrictions that prevent us from trading the stock. Saudi Arabia and fellow members of the Organization of Petroleum Exporting Countries said Sunday …
Read more at cnbc.com: What OPEC’s surprise production cut means for our oil stocks