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The High-Yield Way To Play Spiking Oil Prices

As tracked by the price of WTI, crude oil that serves as one of the main global oil benchmarks, crude oil has climbed from the recent $65 to less than $80 per barrel trading range. A few weeks ago, the WTI price rose above $80, and recent trading shows that level might become a new floor. Even a massive build in crude inventories did not push the price below $80.

Energy producers will be highly profitable with a price floor of $80 per barrel. The S&P energy sector was a top performer in the first quarter, and that was with oil trading in the $70s. Energy sector stocks of all stripes should do well in the second quarter.

Here’s a high-yield way to play this.

This post appeared at Dividend Stocks Research.