3 Energy Companies to Gain on Rock Solid Balance Sheet

The price of West Texas Intermediate (WTI) crude oil is trading at more than the $80 per barrel mark and is likely to remain strong this year. The U.S. Energy Information Administration (“EIA”) projects WTI oil to average $82.03 per barrel in 2024, a notable increase from last year's $77.58. EIA noted that ongoing reductions in global oil stockpiles are expected to continue pushing commodity prices upward.While crude prices stay favorable, the likelihood of the commodity reaching $100 per barrel, as seen in ...