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T. Rowe Price

2023 Top 500 ranking: 16

Higher Oil Prices Unlikely to Prove Sustainable

Higher Oil Prices Unlikely to Prove Sustainable

Ongoing efficiency gains in the energy patch are likely to lower production costs, suggesting that oil could remain in a bear market for some time. We are cautious on energy and mining stocks, but the long-term dynamics in the specialty chemicals and paper packaging industries strike us as favorable.

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