Oil Market in Turmoil?
Is there going to be a skirmish between the US and OPEC+ over the latter’s decision to voluntarily cut a collective output of 1.16m barrels per day from May until the end of 2023?
We know that the oil market can be a volatile one. But the latest OPEC+ cut really took the world by surprise, sending shock waves through the market. Oil prices boasted their biggest daily gain over the past 1 year and the street is now calling for oil prices to head back to the $100/bbl major psychological barrier level once again.
A $100/bbl oil price will undoubtedly be a major boon for oil & gas stocks. In this article, I will be exploring which are the best O&G company stocks to buy now to position for an oil rebound.
Particularly, I will like to analyze which O&G company stocks performed the best in terms of their price...