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Wall Street Favorites: 3 Oil & Gas Stocks With Strong Buy Ratings for June 2024
LNGCheniere(LNG) Investor Place·2024-06-19 20:29

The World Bank has warned that escalating tensions in the Middle East could push oil prices above 100perbarrel,reversingtherecentdownwardtrendinglobalinflation.Evenbeforetherecentconflicts,commoditypriceswerestabilizing,complicatinginterestratedecisionsforcentralbanks.Thisenvironmentsuggeststhattopstrongbuyoilandgasstocksstandtobenefitsignificantly.Ifthecrisisworsens,theBank’sforecastofcrudepricesaveraging100 per barrel, reversing the recent downward trend in global inflation. Even before the recent conflicts, commodity prices were stabilizing, complicating interest rate decisions for central banks. This environment suggests that top strong buy oil and gas stocks stand to benefit significantly.If the crisis worsens, the Bank’s forecast of crude prices averaging 84 a barrel this year may be too optimistic. The ...