Why ExxonMobil, Chevron, SLB, and Other Energy Stocks Climbed Today
Oil prices are rising again.
Overview
The U.S. and Iran exchanged strikes, sparking a flare-up in hostilities that threatens to prolong the conflict in the Middle East.
The news drove oil prices higher, with Brent crude topping $90 as traders weighed the risk of further strikes disrupting vital shipping lanes through the Strait of Hormuz.
Details
Many oil-related stocks rose in response, as investors sought shelter from the storm.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.