Oil has shot up to more than $100 per barrel, once again, and there are a number of ways for investors to profit. Below, Fool contributor Travis Hoium explains why he likes service providers more than explorers, and gives the names of five stocks that will benefit from high oil prices without taking high risk in the commodity itself.
Service providers have attractive prospects as oil rises.
About the Author
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.