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7 ‘Strong Buy’ Oil Stocks to Buy Now

johnNjohnN
edited September 2019 in The OT Bullpen
https://www.kiplinger.com/slideshow/investing/T052-S001-7-strong-buy-oil-stocks-to-buy-now/index.html


7 ‘Strong Buy’ Oil Stocks to Buy No

Oil stocks have been put through the volatility wringer of late.

On Sept. 14, drones attacked a key processing facility in Abqaiq as well as an oil field in Khurais, temporarily knocking out about 5.7 million barrels of Saudi daily production. That represents half of Saudi Arabia’s output and approximately 5% of global oil supply, so unsurprisingly, the news sent U.S. crude oil prices soaring by almost 15% on Sept. 16 – the largest gain in more than 30 years.
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