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StockNews.com
StockNews.com
Business
Rjkumari Saxena

3 Energy Stocks Analysts See Huge Upside For

COP BKR SLB Oil ConocoPhillips OPEC Baker Hughes Company Momentum Petrobras Schlumberger Limited

Oil and gas prices have trended higher recently amid renewed concerns over supply due to escalating tensions in Eastern Europe and the Middle East. Prices are also supported by solid demand growth forecasts, with OPEC and IEA predicting robust oil demand in the second half of 2024. Moreover, OPEC+ deepened oil production cuts into 2025.

Against this backdrop, it could be wise to invest in fundamentally strong energy stocks ConocoPhillips (COP), Schlumberger Limited (SLB), and Baker Hughes Company (BKR) with significant upside potential.

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