Impact Of Rising Prices At The Pumps

The crude oil price continues to be volatile. "There is too much demand for crude oil and the supply side continues to struggle. Oil demand is correlated to GDP. If we get a sharp recession, oil demand will follow," says Stewart Glickman. Energy stocks include Exxon Mobil (XOM), Chevron (CVX), Kinder Morgan (KMI), EOG Resources (EOG), and ConocoPhillips (COP). CFRA has a buy rating on the Continental Resources (CLR) stock. "The CLR stock is a relatively low-cost play with strong exposure to the Bakken Shale," Glickman adds.