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Analysts from Bank of America have composed a list of six U.S. oil and gas "stocks for the summer". These stocks are predicted to rise as demand for oil and gas will likely rise this summer.
The six stocks Bank of America has its eye on are: Anadarko Petroleum
APC, Occidental Petroleum
OXY, Marathon Oil
MRO, Pioneer Natural Resources
PXD, Devon Energy
DVN, and Chesapeake Energy
CHK.
In the report analysts from Bank of America also cut their near-term estimates for Brent Oil on slowing momentum from China. Bank of America lowered its price forecast of Brent oil from $111 to $103 during the second half of 2013 and from $112 to $105 over 2014.
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