As recession fears mount, the demand for oil and gas goes down. And that would ultimately lead to lower prices if the supply remains the same. That means less income for oil exporters.
Major players will meet this week in Vienna to confirm a supply cut. The meeting will include members and non-members of OPEC. So expect this decision to be far-reaching …
This news comes as Europe prepares for a harsh winter and possible gas shortages.
But there's a way to offset the possibility of higher prices …
As prices rise, certain companies are positioned perfectly for higher profits.
And as traders, we can ride those stocks.
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There are more companies scrambling for pieces of the pie.
Toyota's putting $5.6 billion into a North Carolina EV plant. Ford recently broke ground on their own $5.6 billion EV project. And Hyundai is close behind.
This industry is on fire right now! Keep a close eye on the major players.
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