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Think Oil Will Stay Above $50? These 3 Stocks Could Be Huge Winners

Think Oil Will Stay Above $50? These 3 Stocks Could Be Huge Winners

It's way too early to get out the bunting, but there's no doubt that the recent uptick in the price of oil is likely to have a positive impact on the industry. The slump in capital expenditures caused by the COVID-19 pandemic in 2020 means that there could be some pent-up demand that will get released given an oil price above $50 a barrel. If that's the case, then Emerson Electric (NYSE: EMR), Honeywell International (NYSE: HON), and ChampionX (NASDAQ: CHX) are three industrial companies set to benefit.