XOM, CVX, COP: Don’t Miss the Bargain U.S. Energy Stocks Transcending Trump Tariff Mania
Like the broader market, energy stocks have been pummeled in recent weeks. Investors reasonably fear that tariffs and an escalating tit-for-tat trade war will slow the global economy and thus reduce oil demand. Crude oil prices have been down 8.8% over the past month, and the Energy Select Sector SPDR ETF (XLE), the largest energy sector ETF, has been down 12.4%. But there are attractive opportunities in the oil patch amidst the selloff. While oil demand may decline in the short term if there is