Projected Earnings Fuel Oil and Gas Stocks to New Peaks Amid Rising Oil Prices
In a remarkable turnaround from the lows of 2020, the oil and gas sector is witnessing a resurgence, with many stocks hitting all-time highs, buoyed by projected outsize earnings. The energy market, which saw a cooling period in late 2022 and throughout 2023, is once again heating up in 2024, thanks to robust demand, strategic supply management including OPEC cuts, and persistent geopolitical tensions.
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