Will Oil be the Jackpot?

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   A new OPEC deal was made today with OPEC and its allies agreeing to cut oil production. What does this mean? It means that oil prices will rise tomorrow. Why is that?

  The decrease in oil production means that the supply of oil will decrease which will allow the oil prices to increase helping energy companies and especially American energy companies. The past few weeks had OPEC has been meeting to try to agree on a decrease in oil because some countries didn't lower there oil production which was hurting American energy companies.

  I recommend these stocks'/ETFS to buy tomorrow:

1. Exxon Mobil Corporation(XOM)- It is one of the largest oil companies in America which means that they will be one of the most positively affected by the new deal. They have dropped almost 40% since the beginning of the year and they have an attractive P/E ratio of 13. They offer also a nice dividend of 8% which adds the cherry on top.

2.  Invesco DB Oil Fund(DBO)- Crude Oil is one of its top assets making up 50% of the ETF which means that if crude oil rises on the good news, then it will help lift up this ETF. This ETF has also been down 40% since the beginning of the year making the price look attractive and have a higher upside than downside from the OPEC deal. Also the ETF has its volume 3 times higher than its average volume at over 3 million which shows that investors are confident in the ETF and believe that the ETF is gaining momentum and will rise.(edit: has been up 5% since I wrote this)

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