The energy sector shows promise due to geopolitical tensions and increasing energy needs from transportation, urbanization, and industrialization. Despite high interest rates and rising U.S. production, deep oil output cuts are expected in 2025 to stabilize the market. Additionally, anticipated Fed’s interest rate cuts in September are likely to stimulate economic activity and boost oil demand.
Amid this backdrop, investors could consider buying fundamentally strong energy stocks Newpark Resources, Inc. (NR), Unit Corporation (UNTC), and MV Oil Trust (MVO) this June.
