2 “Perfect 10” Stocks to Consider as Oil Prices Tick Higher

2 “Perfect 10” Stocks to Consider as Oil Prices Tick Higher

The signs of supply tightening are pushing oil prices higher. Using TipRanks' Top Smart Score Stocks tool, we have zeroed in on EOG Resources (NYSE: EOG) and ConocoPhillips (NYSE: COP), which could gain from higher commodity prices. Both these stocks have earned a "Perfect 10" Smart Score and have decent upside potential.

Before we delve into stocks, let's examine why crude prices are trending higher.

Bloomberg reported that Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman said that OPEC (Organization of the Petroleum Exporting Countries) could cut production to stabilize oil prices. The minister highlighted that oil futures are not in line with the underlying fundamentals of supply/demand.