The stock market has seen a strong rise in oil stocks such as GAS, PLX, PVS, PVD, and BSR, with increases of 10-15% after just two trading sessions, reaching peaks in the last 2-3 months. This surge is primarily attributed to escalating geopolitical tensions in the Middle East and rising Brent crude oil prices, now at $75 per barrel, up nearly 20% since early June. EIA data indicates a significant drop in U.S. crude oil reserves, reinforcing oil demand. The oil sector is expected to show substantial growth potential in 2025, with BSR’s profits projected to rise by 73% due to recovering consumption. PVD and PVS are also expected to experience strong growth due to upstream E&P activities and the Lo B project. SSI Research forecasts that the average oil price will range from $70-$75 per barrel in 2025, supported by various positive factors.
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