Brent Oil Just Fell Below $90 a Barrel. 3 Top Oil Stocks to Buy Now.
Energy Transfer, Enbridge, and Chevron are still evergreen energy plays.
Overview
Brent crude oil hit a multi-year high of $119.50 per barrel in March, following the initial outbreak of the Iran war. The conflict disrupted shipments through the Strait of Hormuz, which accounts for roughly a quarter of the world's maritime oil trade, and boosted many oil stocks.
But as of this writing, Brent crude trades at about $87 per barrel. The situation in the Middle East remains volatile, but intermittent peace talks, ceasefires, and discussions to fully reopen the Strait of Hormuz have all brought oil back down from its recent peak.
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Originally published at www.fool.com.
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