
Crude Oil Prices Are Still High. Should You Buy Oil Stocks Now?

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Crude oil prices remain high, with Brent futures at $93.63 per barrel, up 6.6% from Tuesday. While midstream oil stocks may be attractive long-term investments, buying oil stocks solely due to the Iran war is not advisable. High oil prices can lead to inflation and increased costs for consumers. Historically, oil price spikes from geopolitical events tend to be short-lived. Midstream companies like Enterprise Products Partners and Enbridge offer stable income through fee-based contracts, making them worth considering for long-term investment.
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