Oil stock price correlations with electric utility shares have decreased sharply, indicating a market shift toward pure-play commodities amidst global energy transition debates. tankers. Frontline’s stock has seen volatile trading conditions since the COVID-19 pandemic began, but the company had one of its most profitable years in 2020 with a net yearly income of $412.9 million or $2.09 per diluted share. Change in global stock index values during coronavirus outbreak 2020 Options traders are pricing in a $84.80 oil stock price strike for next month’s expiry, indicating market expectations skewed toward slight bullish continuation. This aligns with strong fund flows into energy sector mutual funds.
