Despite lingering challenges, OPEC maintains a positive outlook for the oil market’s future, given solid energy demand worldwide. Also, oil prices continued their year-end surge this Tuesday amid rising fears that tensions in the Mideast could disrupt oil supply coupled with hopes of rate cuts that could drive economic growth and fuel demand.
Given the backdrop, it could be wise to invest in fundamentally sound energy stock NGL Energy Partners LP (NGL) for steady momentum. However, investors could hold Halliburton Company (HAL) and Pembina Pipeline Corporation (PBA) and wait for a better entry point in these stocks.
