
With escalating global energy demands and constricted supply levels, crude oil prices in 2024 are predicted to remain closely aligned with those of the previous year. Additionally, potential surges could occur amid heightened geopolitical instability, including escalating conflicts in the Middle East and seaborne attacks within the Red Sea zone.
Amid this backdrop, it could be wise to add quality oil and gas stocks Hess Midstream LP (HESM), CrossAmerica Partners LP (CAPL), MRC Global Inc. (MRC), and Precision Drilling Corporation (PDS) to your watchlist in 2024.