Even Though Oil Prices Are Down, These 3 Energy Stocks Have Plenty of Fuel to Continue Growing
Crude oil prices have slumped about 15% over the past year. That has pushed West Texas Intermediate (WTI), the primary U.S. oil price benchmark, below $70 a barrel. That decline will weigh on the oil-fueled cash flows of many energy companies.
However, some energy stocks are in a better position to handle oil price volatility than others.