3 Top Oil Stocks to Buy as Crude Oil Barrels Toward $85
Oil prices continue to march higher. Brent, the global oil benchmark, recently touched $85 a barrel, while WTI, the U.S. oil price benchmark, is just a couple of dollars behind. Crude prices are pushing levels not seen since 2014.
Oil could have further to run. Soaring coal and natural gas prices are forcing power producers in Asia to burn oil, further tightening global supplies.
The potential for even higher oil prices means oil companies could produce even bigger cash windfalls. Three oil companies positioned to cash in on this market are ConocoPhillips (NYSE: COP), Devon Energy (NYSE: DVN), and Pioneer Natural Resources (NYSE: PXD). Here's why that makes them great oil stocks to consider buying in the current environment.
Source Fool.com
