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Business
Sristi Suman Jayaswal

3 Energy Stocks to Watch With Strong Momentum

KMI CVX Momentum Oil PBF Chevron Corporation crude oil Kinder Morgan Inc PBF Energy Inc United States

Amid rising demand for oil and gas, constrained supplies and production cuts should keep increasing oil prices. Therefore, energy stocks Chevron Corporation (CVX), Kinder Morgan, Inc. (KMI), and PBF Energy Inc. (PBF), which have gained solid momentum lately, could be wise watchlist additions.

The demand for oil remains strong and is projected to further amplify in the third quarter of 2023, primarily supported by the peak summer driving and travel season. Energy experts at Capital Economics forecast that jet fuel will lead to a surge in oil demand in 2023.

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