While the ongoing conflict between Hamas and Israel has raised concerns about potential supply chain disruptions, both the Organization of Petroleum Exporting Countries (OPEC) and the International Energy Agency (IEA) maintain a confident outlook. In light of this situation, we present quality energy stocks, Sabine Royalty Trust (SBR), Obsidian Energy Ltd. (OBE), and Energy Transfer LP (ET), that are well-positioned for strong growth as oil prices surge.
As tensions intensify across the Middle East, energy markets are keenly attuned to the surging oil prices, which have experienced a noteworthy increase of nearly by the start of October, reaching approximately $78 per barrel.
