$100 oil prospect fuels clean energy stock

[jpak]

http://www.reuters.com/article/reutersEdge/idUSL3081274120071101

LONDON (Reuters) - Clean energy stocks worldwide, and especially solar, have roared upwards in the past 10 weeks following the latest spiral in oil prices, but proving a direct link with oil is elusive, analysts say.

U.S. crude oil futures have hit a succession of all-time highs, on Thursday hitting $96 a barrel, and the spectre of $100 now looms large.

That should be good news for clean energy companies that supply alternatives to fossil fuels such as wind and solar.

Worldwide, companies specializing in various climate change strategies including renewable energy, waste and water management are up an average 18-27 percent since late August, versus a 32 percent-plus hike in crude, various research shows.

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