3 Top Oil Stocks to Buy Right Now
The third quarter of 2019 took energy stocks on a roller coaster ride they wish they could forget. The quarter began with crude oil around $59 a barrel before peaking at more than $62 on Sept. 16, only to fall to just over $54 a barrel by quarter's end. September ended near the quarterly low of $52.10 a barrel. October hasn't been much better. Crude has already tested its low of just above $52 a barrel in the first few days of trading.
Thankfully, investors can use this volatility to their advantage. ConocoPhillips (NYSE: COP), Chevron (NYSE: CVX), and ExxonMobil (NYSE: XOM) are all terrific companies that have pulled back in recent weeks, giving investors a buying opportunity before all three companies report earnings within a week of each other. ConocoPhillips is expected to report Tuesday, Oct. 29, and Exxon and Chevron will both report the following Friday, Nov. 1.
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