U.S. oil drillers are ramping up output amid higher prices, with the Permian rig count reaching the highest level since April 2020. Industry experts say continuing supply chain disruptions and labor shortages are being trumped by optimism about demand, and analysts are revising their oil output forecasts upward. The Gulf count held steady last week at 12 rigs.
With travel finally rebounding, where should you invest your money? Airline stocks soared this week after Delta reported a return to profitability in March, even with rising fuel costs. While some analysts are bullish on the sector, most of Wall Street is still taking a cautious approach. Analysts say car rental companies and hotels are safer bets that cruise lines. Hertz and Avis are seeing robust demand. And analysts say 2022 will bring more stability to hotels in terms of revenue, occupancy and rates.
