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Brent Crude gained 1.3% to rise for the sixth straight day to $80.58 per barrel today, driven by tight supply amid the growing demand. In addition, the U.S. West Texas Intermediate (WTI) crude futures rose 1.4% to $76.51 per barrel. Natural gas prices have also doubled this year and are expected to grow in the upcoming months to reach its 13-year high this winter.
Therefore, fundamentally sound energy stocks Energy Transfer LP (ET), MOL Hungarian Oil and Gas PLC (MGYOY), and SilverBow Resources, Inc. (SBOW), which are currently at attractive valuations, could be solid additions to your portfolio.
