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3 Resilient Midstream Stocks to Gain in a Volatile Energy Market
EnbridgeEnbridge(US:ENB) ZACKS·2024-08-23 03:45

The oil-energy sector is fraught with uncertainty, as many companies within it are highly susceptible to extreme fluctuations in oil and natural gas prices. To illustrate this volatility, consider the dramatic swings in oil prices since the onset of the COVID-19 pandemic. On April 20, 2020, the price of West Texas Intermediate crude plummeted to an unprecedented negative 36.98perbarrel,onlytosurgeto36.98 per barrel, only to surge to 123.64 per barrel by March 8, 2022, as economies gradually reopened. However, this volatility doesn't ...