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Which Oil & Gas Stock Is a Better Buy? -Breaking

by Mike Robinson

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© Reuters. Exxon Mobil vs. Petróleo Brasileiro: Which Oil & Gas Stock Is a Better Buy?

Shares Exxon Mobil Petroleo Brasileiro, (NYSE:), and Petroleo Brasileiro have seen significant gains in recent years due to the rising price. The best stock to invest in right now? In fact, the Energy Select Sector SPDR ETF (NYSE:) has gained more than 50% year to date (YTD), compared to the S&P 500 gains of 22.5% in this period.

The rising crude oil price is a major driver for this success. Oil prices reached 7-year highs this week and Goldman Sachs (NYSE 🙂 raised its oil price target to $110/barrel.

Given these factors, let’s see which oil stock between Exxon Mobil (XOM) and Petroleo Brasileiro (PBR) is a better buy at current price levels.

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