Wall Street Favorites: 3 Energy Stocks With Strong Buy Ratings for June 2024

Oil and natural gas production in the U.S. is booming. Growth is particularly strong in the Permian Basin that straddles Texas and New Mexico. In fact, the International Energy Agency (IEA) is forecasting that U.S. oil producers will set output records between now and 2030. U.S crude oil production is forecast to rise by 2.1 million barrels per day (bpd) above 2023 levels by 2030.West Texas Intermediate crude oil, the U.S. standard, is currently trading right around $81 per barrel. At the same time, the pri ...