HomeMost PopularDevon Energy: Oil Prices Surge to Record Highs in 2023, Natural Gas...

Devon Energy: Oil Prices Surge to Record Highs in 2023, Natural Gas Still Low

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Oil prices are a hot topic on Wall Street as the third-quarter earnings season concludes. WTI has surged above $85, reaching a new record high for 2023, while Brent approaches $90. Many analysts have previously anticipated oil prices in the $70s to low $80s range, so surpassing $90 or even $100 could result in significant upgrades to earnings and higher valuations in the low-P/E Energy sector.

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