Oil stocks have more room to run as tension in the Middle East escalates

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 42 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 37%
  • Publisher: 63%

Crude Oil Prices News

Brent Crude Oil,Supply Disruption,Rystad Energy’S Claudio Galimberti

Oil companies with limited exposure to the Middle East may be a way to hedge against potential disruptions.

) futures surged 9% this week — its biggest weekly gain since March 2023 — driven by escalating tensions in the Middle East.

Judging by the stock moves this past week, it looks like Wall Street agrees. Exxon shares surged 7.8% to an all time high, while Chevron climbed 3.6%. “It is likely to lead to appreciation in the U.S. dollar, Japanese yen, and Swiss franc; higher commodity and 10-year U.S. Treasury note prices; and lower equity markets,” Christopher wrote in a client note this week.Israel has banned large gatherings as thousands of people are expected to turn out across the country to commemorate the Oct 7 massacre.

The list of global occurrences 'The Simpsons' has predicted currently stands at 34 — and showrunner Matt Selman shares with PEOPLE the key to their successThese new findings could help explain why Black students are more likely to be suspended, expelled or otherwise disciplined than other children.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks lose ground, oil extends gains amid Middle East tensionThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »