2 Oil Stocks to Buy in a Wild Energy Market
Viewing the framework of big oil stocks from hundreds of miles above, the surrounding circumstances don’t necessarily provide encouragement for investors. With monetary policy likely to tighten in the months and perhaps years ahead, commodity prices may fall as the dollar gains strength. However, overriding economic and geopolitical factors may represent the ultimate arbiters. I am bullish on Chevron (NYSE:CVX) and Shell (NYSE:SHEL) – the main focus of this article. Few market segments incurred the wild gyrations of big oil stocks since 2020. Back in April 2020, oil prices briefly, but in an unprecedented fashion, dropped below zero.
2 Oil Stocks to Buy in a Wild Energy Market
Viewing the framework of big oil stocks from hundreds of miles above, the surrounding circumstances don’t necessarily provide encouragement for investors. With monetary policy likely to tighten in the months and perhaps years ahead, commodity prices may fall as the dollar gains strength. However, overriding economic and geopolitical factors may represent the ultimate arbiters. I am bullish on Chevron (NYSE:CVX) and Shell (NYSE:SHEL) – the main focus of this article. Few market segments incurred the wild gyrations of big oil stocks since 2020. Back in April 2020, oil prices briefly, but in an unprecedented fashion, dropped below zero.