The energy sector’s outlook appears positive as crude oil prices are expected to rise amid inadequate supply and ongoing geopolitical tensions in the Middle East. Also, China’s measures to boost its economy and the Federal Reserve’s expected rate cuts this year are likely to drive crude oil demand.
Given the industry’s bright prospects, it could be wise to consider investing in fundamentally strong energy stocks Petróleo Brasileiro S.A. – Petrobras (PBR), REX American Resources Corporation (REX), and Unit Corporation (UNTC).
