5 Best Oil Stocks to Buy in July 2021
19, July 2021 | Last Updated: 19, July 2021
Oil prices have experienced a temporary rejection after tagging some long-dated technical resistances following an unexpected impasse during the latest OPEC+ meeting that led the market astray.
Meanwhile, the threat of the Delta variant of the coronavirus and the subsequent reintroduction of travel restrictions and other similar measures in many corners of the world are threatening to slow down the pace at which the global economy is recovering and this results in a depressed outlook for oil demand.
In this particularly unfavorable short-term backdrop, certain oil stocks could be trading at more attractive prices compared to a month ago and that opens up an opportunity for investors.
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