Conditions in the oil market have improved dramatically in recent months. Crude prices have been red-hot, with the U.S. oil benchmark WTI jumping roughly 25% so far this year to recently top $60 a barrel. Oil companies are starting to cash in on the rally.
One of the potentially biggest beneficiaries is Marathon Oil (NYSE: MRO) . It has an ultra-low-cost structure, positioning it to generate a gusher of cash this year and beyond if crude oil prices continue cooperating.
Image source: Getty Images.
For further details see:
This Oil Stock Expects to Produce a Cash Flow Gusher in 2021 and Beyond