3 Oil Stocks to Buy Ahead of a Seemingly Inevitable Rise in Oil Prices
Oil prices have fallen more than 10% this year. That's a surprise, given the strength in demand and the weakness in supplies. Those fundamental factors lead many oil market experts to believe oil prices will eventually rebound.
One of those oil market bulls is EOG Resources (NYSE: EOG) COO Lloyd Helms. He recently told attendees at an industry conference that higher oil prices seem inevitable. Here's a look at what's fueling that view and three oil stocks to buy to potentially profit from that thesis.
"We're a short term away from seeing the market tighten even further," stated EOG Resources COO Lloyd Helms at the energy conference. Because of that, "We are more constructive on where oil prices could go." It seems almost inevitable that oil prices will rise, barring a steep economic decline impacting demand.
Source Fool.com
JPMorgan Chase & Co. Stock
The stock is an absolute favorite of our community with 34 Buy predictions and no Sell predictions.
With a target price of 202 € there is a slightly positive potential of 2.76% for JPMorgan Chase & Co. compared to the current price of 196.58 €.
