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Kritika Sarmah

3 Top-Rated Energy Stock Buys With Untapped Potential

BKR SSL CAPL Oil IEA Kritika SarmahHer United States Baker Hughes Company CrossAmerica Partners LP

Last week, oil prices increased by 3% as geopolitical tensions in the Middle East and optimism about potential U.S. Federal Reserve interest rate cuts continued to propel oil prices. On top of it, the International Energy Agency (IEA) forecasts a faster-than-expected rise in global oil demand in 2024, attributing it to an improved U.S. GDP outlook.

So, I think quality energy stocks Baker Hughes Company (BKR), Sasol Limited (SSL), and CrossAmerica Partners LP (CAPL) could be solid buys. These companies also pay stable dividends.

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