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OPEC and its allies are reluctant to ramp up the oil supply. After much insistence from the U.S. government, the cartel agreed to a 400,000 barrel-a-day production hike for December, which is insufficient to meet the demand. Therefore, oil prices could keep ascending.
Given the rising prices, we think the shares of Tellurian Inc. (TELL) and Kosmos Energy Ltd . (NYSE:KOS), which are currently trading at less than $10, could be solid additions to one’s portfolio.
