2 High-Yield Oil Stocks to Buy as Crude Prices Surge Toward $100
West Texas Intermediate crude oil prices, the U.S. benchmark, surged past $98 per barrel on Thursday morning as Russia-Ukraine tensions escalated. That puts oil within striking distance of the famed $100 per barrel threshold, a mark that was last achieved in 2014 -- and many thought oil would never get to again.
Devon Energy (NYSE: DVN) and Chevron (NYSE: CVX) are two top oil stocks that are benefiting from rising crude prices. Here's why both companies could keep performing well, even if oil and gas prices eventually fall from these levels.
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Source Fool.com
