Oil Stocks To Watch As Middle East Conflict Intensifies

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Oil,Middle East,Iran

Crude oil futures surged by up to 5% after President Biden expressed support for Israel striking Iran's oil facilities, with potential market impacts discussed by analysts.

Crude oil futures surged as much as 5% in Thursday’s intraday session after President Biden said his administration would support Israel striking Iran's oil facilities, adding that the option is being discussed. Brent crude for November delivery gained 4.8% to trade at $77.44 per barrel at 12.50 pm ET while WTI crude was changing hands at $73.65 per barrel after gaining 5.1%. Citi analysts have provided estimates that a major strike by Israel on Iran's export capacity could take 1.

owns general and limited partner interests in a limited partnership that provides midstream natural gas and natural gas liquid services. The company gathers, compresses, treats, processes, and sells natural gas. has been an exceptional performer and is currently trading at a decade-high with only Nvidia Corp.

Market Cap $58.1B Year-to-Date Returns 38.1% The Williams Companies Inc.

 

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