Reported 12 months ago
Oil prices are rising due to supply deficits, with OPEC+ extending oil output cuts. Goldman Sachs noted high buying volume in the energy sector alongside Brent crude oil, but investors should be cautious with Exxon Mobil Corp (XOM) and Marathon Oil Corp (MRO) in July. Schaeffer's Senior Quantitative Analyst pointed out both XOM and MRO on the list of worst S&P 500 Index stocks to own in July. XOM has historically performed poorly in July, with current pressures at $120, and MRO faces resistance at $29 despite a year-to-date increase.
Source: YAHOO