3 Top Oil Stocks to Buy in September

Oil stocks have stunned the markets this year, surging alongside oil prices. No one predicted oil prices to rebound as dramatically the way they cratered last year: The West Texas intermediate (WTI) crude price, for example, is hovering over $83 per barrel right now after going negative in April 2020. Despite surging oil prices, the largest oil producers have still capped production and capital spending and are using all the cash instead to repay debt, repurchase shares, and pay big dividends to shareholders.