This time, a year ago, West Texas Intermediate (WTI) crude was trading in the $90 per barrel range, but since a peak of $83.57 in late April, the price for the benchmark giant has traded flat for the past five months, until ripping higher to $77.07 in early October. The black gold had pushed higher after Iran dropped approximately 200 ballistic missiles on Israel, citing the deaths of Hamas and Hezbollah leaders among many reasons for the attack.
Investors must be aware that a much wider conflict is still very possible. The tit-for-tat drone and ballistic missile attacks could be a prelude to a much bigger war that spreads across the Middle East. In the meantime, we suggest investors grab some of the highest-yielding energy and master limited partnership (MLP) stocks. We found three that are rated Buy and offer some hefty and reliable dividends.
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