As the world economy recovers, oil and gas prices are rising due to strong demand. Additionally, an infrastructure bill passed in the U.S. will likely increase oil demand. Oil prices will continue to rise because OPEC, its allies and others are unwilling to alter their stance regarding limiting oil supply. Given this backdrop, we think the low-priced stocks of oil & gas concerns Tellurian (NYSE:) and Kosmos (KOS) could be ideal additions to one’s portfolio now, considering these companies’ fundamental strength. Continue reading. The reopening economy has led to a strong demand for oil and gas, which is driving up prices. Global oil demand is almost back to its pre-pandemic level, according to an EIA report. WTI crude oil is nearing its peak since 2014, with West Texas Intermediate (WTI), trading at $84.78 per barrel. On November 9, oil prices reached a new two-week high. WTI crude was up 2.7% and WTI crude rose 1.6% to close at $84.78 per barrel. This week’s bipartisan Infrastructure Spending Bill passed Congress. It is anticipated to increase economic growth as well as oil demand.

OPEC, its allies and others are reluctant to boost the oil supply. After much pressure from the U.S. government the cartel reached an agreement to increase its December production by 400,000 barrels per-day. However, this is still not sufficient to meet demand. Oil prices may continue to rise.

We believe that Tellurian Inc.’s shares (TELL), are at an all-time high given the current market. Kosmos Energy Ltd . (NYSE:), which are currently trading at less than $10, could be solid additions to one’s portfolio.

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