This past year has been a roller coaster ride to say the least. But for energy stocks and crude oil, the roller coaster has been particularly a rough ride. We’re basically where we started 2017 in terms of prices. Supplies continue to be tight as OPEC and other major energy producers have started to clamp down hard. At the same time, better economic growth has driven up demand.
To that end, energy socks have continued to rebound after a big mid-year slump. The Energy Select Sector SPDR (ETF) (XLE) is up 11% since bottoming out over the summer. That has been driven by the better overall fundamentals.
With that, going into 2018, energy stocks should have another a decent year. But which ones should investors keep an eye on?
Here are five energy stocks that investors should watch in 2018 and certainly add to any watchlist to buy.
SEE ALSO FROM KIPLINGER: 18 Best Stocks to Buy for 2018
Prices and data are from the original InvestorPlace story published on Dec. 21. Click on ticker-symbol links in each slide for current prices and more.
Permalink — https://www.kiplinger.com/slideshow/investing/T052-S015-5-energy-stocks-to-watch-in-2018/index.html
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Date — December 28, 2017 5:00 am
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