By Aimee Bohn Last year was one of the hardest in history for the fossil fuel industry and oil stocks. The impact of the COVID-19 pandemic wiped out tens of billions of dollars.
As things are beginning to improve, many investors are looking at the oil sector as a possible place to invest.
Oil and Gas Stocks: Why are People Investing?
Oil stocks have been gaining momentum in the market. U.S. crude oil prices have risen to the highest level since April 2019. The Organization of Petroleum Exporting Countries (OPEC) has continued to cut production despite increasing demand. As a result, oil prices are surging.
Rising prices …read more
