Expectations of interest rate cuts and escalating geopolitical tensions have provided support for oil prices. Amidst shifting supply dynamics, robust oil and gas stocks Sasol Limited (SSL), Sunoco LP (SUN), and Global Partners LP (GLP) could be ideal picks for smart investment this year.
Oil prices increased for a third consecutive day on Wednesday due to lower-than-expected growth in U.S. crude inventories and a reduction in the forecast for U.S. output growth, easing concerns about potential oversupply.
