Wells Fargo Recommends Buying Energy Stocks After Dip in Oil Prices
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#3a0c684d ver:0.14

Wells Fargo recommends buying energy stocks after dip in oil prices. ClearBridge Investments suggests defensive stocks like pharmaceutical and beverage companies. Petroleo Brasileiro (PBR) offers a compelling investment opportunity with low valuation and bullish catalysts. Chevron (CVX), Kinder Morgan (KMI), and Phillips 66 (PSX) are also worth considering. OPEC projects a surge in fuel consumption, while the World Bank warns of potential energy shock. Wells Fargo believes the sell-off in crude oil is an overreaction and sees an opportunity in commodities and the energy equity sector. They expect a rebound in oil prices and anticipate support in the high $60s or low $70s. #energy #stocks #investing...

#newstr #OilPrices #EnergyStocks #Commodities #Investment #WellsFargo 

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