First Pfizer and now Moderna have provided a much needed shot in the arm to the embattled oil industry, with their news about vaccine candidate efficacy lifting stocks strongly in the past week. The Pfizer news kicked off the best week ever for energy stocks, CNBC reported, and Moderna’s update marked the start of what could be another strong week, especially as it came on the same day as OPEC+ decided to extend the current oil production cuts for three more months, till end-March. But how stable is the rally? This is the question investors should be asking. It all hinges on the prospect of efficacious vaccines becoming widely available soon, and mass vaccination leading to a strong rebound in oil demand as people start traveling again. But the trial data is very early and based on small samples of trial participants. Pfizer, Moderna, and all other vaccine makers […]