The recent surge in oil prices has sparked renewed interest in energy stocks, particularly those thriving despite the ongoing volatility in the market. Investors looking to capitalize on this trend, could take a look at these three fundamentally sound companies like, Enterprise Products Partners L.P. (EPD), Energy Transfer LP (ET), and Suncor Energy Inc. (SU).
As tensions escalate in the Middle East, with Israeli troops moving into Lebanon and Iran launching missile attacks, concerns about oil supply disruptions are pushing prices higher. Recently, Brent crude prices rose close to $80 per barrel with U.S. West Texas Intermediate (WTI) following suit. Brent crude futures gained $1.09 to hit $79.14 a barrel, while WTI rose $1.15 to reach $75.53 per barrel.
