3 Mid-Cap Stocks to Buy as Oil Prices Surge Higher

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OPEC+’s proposal to increase oil production for August has been postponed because Saudi Arabia and the UAE remain at loggerheads over the oil output. In light of these developments, former U.S. Energy Secretary Dan Brouillette expects oil to hit $100 a barrel soon.

This, coupled with declining inventories, should help mid-cap oil companies Apache Corporation (NASDAQ:APA), ARC Resources Ltd. (AETUF), and PDC Energy, Inc. (PDCE) generate higher revenues and profits in the near term. So, we think it could be wise to bet on these stocks now.

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