Although society at large looked forward to a broader normalization cycle, the sudden interest in energy-related dividend stocks to buy signaled that the post-pandemic paradigm still has serious bite. Earlier this month, the Organization of the Petroleum Exporting Countries (OPEC) and non-member oil-producing nations — known as OPEC+ — surprised the world with a shock oil production cut.
As a result, oil prices jumped on the announcement. Further, the action demonstrated that the Federal Reserve doesn’t necessarily represent the only influencer of the dollar’s trajectory. In other words, with the cuts, more dollars will chase after fewer goods, presenting an inflationary framework. Cynically, the artificial demand boost should be positive for the below dividend stocks to buy.
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