In this article, I evaluated two energy stocks, Marathon Oil Corporation (MRO) and Marathon Petroleum Corporation (MPC), to determine which has the potential for solid momentum the following month. We believe MPC is the better investment for reasons explained throughout this piece.
Robust demand for oil and gas combined with tight supplies amid several output cuts are recently causing oil prices to climb. According to the International Energy Agency’s (IEA) latest monthly Oil Market Report (OMR), global oil demand is scaling record highs, driven by solid summer travel, increased oil use in power generation, and soaring petrochemical activity in China.
