4 Stocks to Navigate Challenges in the U.S. Upstream Industry
APA(APA) Zacks Investment Research·2024-02-28 21:11
Despite escalating geopolitical risks, concerns over global demand have offset any price support, which, in turn, has affected the Zacks Oil and Gas - Exploration and Production - United States industry. The Fed’s emphasis that there was no urgency to reduce rates, citing robust inflation and economic indicators observed since the year's commencement, adds to concerns. The market hasn't been kind to natural gas either, with the commodity continuing to trade under $2. Although macro challenges are leading to ...