Energy stocks are on the move Wednesday as reports of crude oil shortages are increasing prices. Source: Shutterstock The big problem with crude oil has to do with the Gulf of Mexico. Disturbances by recent tropical storms and hurricanes have limited the amount of oil that can be drawn. Adding to that is the fact…

This past Monday saw a big selloff in many stocks, including energy stocks. Most of this year, oil has looked like it was headed to $100 per barrel. However, Covid-19 has since messed with that trajectory. OPEC+ had something to do with it as well. Recently, the group of oil-producing nations announced that it would…