Oil prices retreat a bit amid recession fears but stay eleva
You probably wouldn't know it from filling up your car at the gas station, but oil prices have been falling recently. Investors appear to be worried that the Federal Reserve's campaign to fight inflation could tip the economy into recession, or at least dent demand for crude. But if you look back, oil prices, as well as those for natural gas, are still well above where they were a year ago, as demand has snapped back from the pandemic but supply hasn't kept pace. Russia's war in Ukraine has also roiled the energy markets, pushing prices for natural gas and oil higher. With that backdrop, and keeping in mind the longer-term push for an energy transition to less greenhouse gas-intensive fuels, here are 10 energy stocks to consider buying this year.
There are many reasons to invest in energy and all its related sectors and companies. Energy is always in demand; its use is expected to grow; and investing in energy gives you opportunities to shape the future while earning income. But what, specifically, makes energy a fertile market for investment and what startup or stocks to buy? Are they https://modo.energy/ good for that?
