Oil stocks have more room to run as tension in the Middle East escalates
Iran is a major player in the global oil market, producing more than three million barrels of oil a day, so the growing risk of a supply disruption could be a “big tailwind to prices” in the near term, according to Blue Line Futures’ Bill Baruch.
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Crude prices jumped on worries about worsening tensions in the Middle East, while U.S. stocks pulled back further from their ...
In a predictably grim phenomenon tied to outbreaks of global violence, aerospace and defense stocks climbed to record prices ...
Middle East tensions, the port strike and the upcoming election make a case for cautious trading in October, say analysts ...
Hong Kong shares roared higher while Japan dropped and Europe wobbled a day after Iran fired scores of missiles into Israel.
Stocks were weathering a new round of attacks in the Middle East early Friday, attempting to claw back some of Thursday’s declines. Israel targeted Hezbollah leaders in heavy airstrikes in Beirut.
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