3 Top Oil Stocks to Buy Right Now
The COVID-19 pandemic has hit the oil industry hard. Even with the worst for the sector as a whole likely in the rearview mirror, millions of people around the world are set to work remotely for months to come, and the global travel industry is in shambles. It's going to take a long time for the industry to recover, and some think it may never fully bounce back.
Yet even with the uncertainty and ongoing troubles, investors can still make money. Oil and natural gas remain the fuels that power global transportation, manufacturing of feeds, and electricity delivery. Renewables are steadily becoming more important and will eventually displace hydrocarbons, but that's likely to take decades to happen. In the meantime, investors in the best companies can profit from the transition. Three that look worth buying now are Core Laboratories (NYSE: CLB), Enterprise Products Partners (NYSE: EPD), and Phillips 66 (NYSE: PSX).
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Source Fool.com
