Economic growth leads to increased energy demand, including oil and gas, for transportation, manufacturing, and other industrial activities. Also, continued technological innovation, such as advances in drilling techniques like hydraulic fracturing and horizontal drilling, have unlocked new sources of oil and gas, contributing to higher production.
Considering these factors, it could be wise to invest in fundamentally sound energy stocks, Petróleo Brasileiro S.A. - Petrobras (PBR), Phillips 66 (PSX), and VAALCO Energy, Inc. (EGY) for solid gains in April.
