The latest inflation numbers show the impact of higher energy prices on the U.S. economy. Even with many oil companies delivering record production, the supply-demand picture is creating higher prices for goods and services. It’s also good for energy stocks, many of which have reached multi-year highs.
However, as difficult as it may be to consider, at some point, oil prices will come down, and they could come down quickly. That’s why now is the time to consider the energy stocks to own when oil prices begin to move lower.
