The Organization of the Petroleum Exporting Countries (OPEC) and its non-member allies (OPEC+) cut crude oil production by two million barrels per day. Naturally, this action imposes supply flow disruptions that sent prices higher. That also helped create our list of top energy stocks to buy.
The net impact for the sector should be positive because of inelastic demand at the baseline of consumption. In other words, people need to get from point A to point B. So they must consume a minimum of fuel. Irrespective of economic factors, then, energy stocks to buy should remain holistically relevant.
Here are some important names to consider.
This post originally appeared at InvestorPlace.