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According to a CNBC report, natural gas prices are rising, and this year, the commodity could be the most expensive in 13 years due to a demand-supply imbalance. The international crude oil benchmark Brent rose above $80 a barrel last week, hitting a 3-year high. Goldman Sachs (NYSE:GS) calls for Brent crude to hit $90 a barrel by the end of the year.
So, it could be wise to scoop up the shares of fundamentally strong energy stocks Royal Dutch Shell plc (RDS.A), TotalEnergies SE (TTE), and BP p.l.c. (BP). They are currently trading above their respective 50-day and 200-day moving averages. In addition, they have a Buy rating in our proprietary POWR Ratings system.
