Since topping out in 2022, major oil benchmarks fluctuated with significant declines and rebounds, influenced by factors like production adjustments. Geopolitical events like the Middle East conflict raised concerns over oil supply threats.
Investors are advised to consider buying mega-cap energy stocks with dependable dividends as oil prices rise, following fluctuations and potential impacts of geopolitical events on market dynamics.
Falling interest rates due to inflation drop may benefit the energy sector, reducing exploration and production costs. BP, a European oil giant, stands out for its high dividend yield and global energy operations.
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