Oil prices could soon be headed higher again.
Oil prices experienced an explosive run-up early last year. West Texas Intermediate crude — the primary U.S. benchmark oil variety — surged from $75 a barrel to a peak near $115 a barrel by midsummer. However, oil prices have cooled off considerably since then, falling more than 20% from their pinnacles. West Texas Intermediate was recently selling in the high $70s.
However, several catalysts could send oil prices back up toward $100 a barrel by this summer. Investors can cash in on that potential bull market run in oil prices by scooping up shares of Devon Energy (DVN -2.58%), Diamondback Energy (FANG -0.56%), and Pioneer Natural Resources (PXD -1.55%). All three oil stocks pay high-yielding dividends driven by their oil-fueled cash flows.
Read more here: https://www.fool.com/investing/2023/03/07/3-high-yield-dividend-stocks-to-scoop-up-before-th/
