3 Strong Buys In The Oil Patch

The oil market is currently going through another rough patch as investors continue to grapple with inflationary, recessionary and demand fears. Oil prices have continued their weeks’-old downtrend after inflation came in higher than forecast and triggered a sharp sell-off on Wall Street.  The consumer price index (CPI) for the month of August increased 0.1%, above economists’ expectations for a 0.1% drop. Most worryingly for policymakers, core inflation rose by 0.6% for an annual increase of 6.3%, considerably higher than the…