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Charles Schwab: Oil, Energy Stocks Should Rise, but Risks Abound

Donna Fuscaldo

Oil prices are on the rise, more than doubling in just two years. "We believe the potential is there for oil and the energy sector to move higher over the next several months," said Brad Sorensen, managing director of market and sector analysis for the Schwab Center for Financial Research. For energy, that would be about 5% of their stock portfolios." The executive at The Charles Schwab Corporation ( SCHW) advised that investors willing to take on potentially more risk could have a "slightly larger" allocation but should also brace for some fear-evoking market moves.