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StockNews.com
StockNews.com
Business
Anushka Dutta

2 Energy Stocks Investors Should Pull the Trigger on Now

VLO AE Oil Adams Resources & Energy, Inc. Russia Valero Energy Corporation

Oil prices rose on Monday after Joe Biden came away from his talks in the middle-east without ensuring an increase in oil supply. Brent crude rose 2.6% to $103.88 per barrel on Monday. The OPEC+ cartel has seemingly kept a tight supply even as countries rush to fill the gap left in the wake of the Russia-Ukraine war.

Jeffrey Halley, a senior market analyst at OANDA, believes that the oil supply-demand imbalance remains as tight as ever, and prices would not go lower if OPEC+ does not raise its output.

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