3 Energy Stocks to Monitor After Pullbacks From 52-Week Highs
DKDelek US(DK) ZACKS·2024-06-12 22:20

Oil prices have trended lower over the past three weeks due to concerns over demand and the perception that geopolitical risks to crude supplies are ebbing. This decline accelerated after OPEC+ announced plans to phase out output cuts starting in October. The central bank’s indication that aggressive rate cuts might be delayed due to slow disinflation also led to the decline. As a result, several previously high-performing stocks have been caught up in this sell-off. However, now may be a good time to start ...