1 Top Oil Stock I'm Buying in June
Oil prices have bounced between $70 and $80 a barrel this year. However, crude appears poised to break out later this year. That makes now look like a great time to buy oil stocks.
While there are many top oil stocks, I've zeroed in on (NYSE: CVX) as the one I want to buy this month. Here's why I believe oil prices appear poised to rally and why Chevron is my oil stock of choice to profit from that thesis.
Changes in supply and demand drive oil prices. Last year, crude prices skyrocketed following Russia's invasion of Ukraine on supply issues. They've since cooled off on concerns that higher interest rates will slow the global economy, impacting demand.
Source Fool.com
Chevron Corp. Aktie
145,42 €
0,23 %
Die Aktie ist derzeit ein absoluter Favorit unserer Community mit 26 Buy-Einschätzungen und keiner einzigen Sell-Einschätzung.
Für Chevron Corp. sieht die Community ein Kursziel von 179 €, was eine erhebliche Steigerung um über 20% gegenüber dem aktuellen Kurs von 145.42 € bedeutet.
