3 Permian Stocks to Watch as Crude Oil Price is Above $80

The ongoing bullish trend in oil prices is encouraging exploration and production activities. Upstream players are expected to expand their operations in prolific shale resources, leading to a rise in the number of drilling rigs. As drilling activities increase, production is likely to grow, providing benefits to businesses engaged in exploration and production.Oil Price HighWest Texas Intermediate crude price is hovering around $85 per barrel, which is highly favorable for exploration and production activi ...