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

Like
Comment
Favorite

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

Yahoo Finance10-06

Oil may get another run as liquid gold. Crude (CL=F) futures surged 9% last week — its biggest weekly gain since March 2023 — driven by escalating tensions in the Middle East. Israel’s vow to ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

No comments yet

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2473164014?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/Y1DH6oz0IoTbK8TIc9VdNQ--~B/aD0zNjAwO3c9NjAwMDthcHBpZD15dGFjaHlvbg--/https://s.yimg.com/os/creatr-uploaded-images/2024-09/396a7f40-8314-11ef-ae6e-8d98aeb00f2c","is_english":true,"pubTime":"2024-10-06 23:05","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2473164014","market":"us","top_or_hot":-1,"title":"Oil stocks have more room to run as tension in the Middle East escalates","media":"Yahoo Finance","content":"<div>\n<p>Oil may get another run as liquid gold. \nCrude (CL=F) futures surged 9% last week — its biggest weekly gain since March 2023 — driven by escalating tensions in the Middle East.\nIsrael’s vow to ...</p>\n\n<a href=\"https://finance.yahoo.com/news/oil-stocks-have-more-room-to-run-as-tension-in-the-middle-east-escalates-150021701.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Oil stocks have more room to run as tension in the Middle East escalates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOil stocks have more room to run as tension in the Middle East escalates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-06 23:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/oil-stocks-have-more-room-to-run-as-tension-in-the-middle-east-escalates-150021701.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Oil may get another run as liquid gold. \nCrude (CL=F) futures surged 9% last week — its biggest weekly gain since March 2023 — driven by escalating tensions in the Middle East.\nIsrael’s vow to ...</p>\n\n<a href=\"https://finance.yahoo.com/news/oil-stocks-have-more-room-to-run-as-tension-in-the-middle-east-escalates-150021701.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0368265418.SGD","symbol_name":"Blackrock World Energy Fund A2 SGD-H","start_time":0,"source_url":"https://finance.yahoo.com/news/oil-stocks-have-more-room-to-run-as-tension-in-the-middle-east-escalates-150021701.html","article_id":"2473164014","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/Y1DH6oz0IoTbK8TIc9VdNQ--~B/aD0zNjAwO3c9NjAwMDthcHBpZD15dGFjaHlvbg--/https://s.yimg.com/os/creatr-uploaded-images/2024-09/396a7f40-8314-11ef-ae6e-8d98aeb00f2c"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2473164014","pubTimestamp":1728227159,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Oil may get another run as liquid gold.Crude  futures surged 9% last week — its biggest weekly gain since March 2023 — driven by escalating tensions in the Middle East.Israel’s vow to retaliate against Iran’s missile attack has prompted more traders to bet on $100 oil, pushing bullish Brent crude oil wagers to a 5-week high.I had a chance to speak with Rystad Energy’sClaudio Galimberti, who told me traders are “clearly factoring in the risk of a big supply disruption“ as tensions in the Middle East rise to “one of the highest levels in four decades.”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.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%.Click here for in-depth analysis of the latest s","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0368265418.SGD":"Blackrock World Energy Fund A2 SGD-H","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU0654597011.USD":"BGF NATURAL RESOURCES \"A4G\" (USD) INC","LU0266512127.USD":"摩根大通环球自然资源 A(acc)","LU1150488135.SGD":"First Eagle Amundi Income Builder AHS-MD SGD-H","BK4201":"综合性石油与天然气企业","BK4516":"特朗普概念","LU0612318971.USD":"BGF NATURAL RESOURCES \"A5G\" (USD) INC","LU0300736492.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) INC","LU0456854461.SGD":"JPMorgan Funds - Global Natural Resources A (acc) SGD","CVX":"雪佛龙","LU1718418525.SGD":"JPMorgan Investment Funds - Global Select Equity A (acc) SGD","LU2133065610.SGD":"JPMorgan Investment Funds - Global Dividend A (mth) SGD","IE00B3CCJ963.GBP":"GUINNESS GLOBAL ENERGY \"C\" (GBP) ACC","LU1496350502.SGD":"FRANKLIN DIVERSIFIED DYNAMIC \"A\" (SGDHDG) ACC","BK4534":"瑞士信贷持仓","IE00B2Q91V27.USD":"GUINNESS GLOBAL ENERGY \"C\" (USD) ACC","LU1929549753.HKD":"FRANKLIN INCOME \"A\" (HKD) INC","LU0889566641.SGD":"FTSF - Templeton Shariah Global Equity A Acc SGD","BK4566":"资本集团","IE00BGHQF524.EUR":"GUINNESS GLOBAL ENERGY \"C\" (EUR) ACC","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU0912757837.SGD":"JPMorgan Investment Funds - Global Income A (mth) SGD-H","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","BK4559":"巴菲特持仓","LU0098860793.USD":"FRANKLIN INCOME \"A\" INC","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","BK4550":"红杉资本持仓","LU0345781412.USD":"NINETY ONE GSF GLOBAL NATURAL RESOURCES \"A\" (USD) INC","SHEL":"SHELL PLC SPON ADS EACH REPR 2 ORD SHS","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","LU0612318385.USD":"BGF NATURAL RESOURCES \"A2\" (USD) ACC","LU1582986359.USD":"M&G (LUX) INCOME ALLOCATION \"A-H\" (USDHDG) ACC","LU0345780950.USD":"NINETY ONE GSF GLOBAL NATURAL RESOURCES \"A\" (USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","XOM":"埃克森美孚","LU1066053197.SGD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM3\" (SGDHDG) INC","LU1267930813.SGD":"FRANKLIN TEMPLETON SHARIAH GLOBAL EQUITY \"AS\" (SGD) ACC","LU2237438978.USD":"Amundi Funds US Pioneer A2 (C) USD","LU1582987324.SGD":"M&G (LUX) INCOME ALLOCATION \"A-H\" (SGDHDG) ACC","LU1150488218.USD":"First Eagle Amundi Income Builder AU2-MD USD","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD","LU1489326972.SGD":"First Eagle Amundi International AHS-MD SGD-H","LU1582987597.SGD":"M&G (LUX) INCOME ALLOCATION \"A-H\" (SGDHDG) INC","LU0795875086.SGD":"JPMorgan Investment Funds - Global Income A (div) SGD","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU2236285917.USD":"ALLIANZ GLOBAL INCOME \"AMG\" (USD) INC"},"translate_title":"中东紧张局势升级石油股有更大运行空间","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XOM":1,"CVX":1,"SHEL":0.9},"content_text":"Oil may get another run as liquid gold. \nCrude (CL=F) futures surged 9% last week — its biggest weekly gain since March 2023 — driven by escalating tensions in the Middle East.\nIsrael’s vow to retaliate against Iran’s missile attack has prompted more traders to bet on $100 oil, pushing bullish Brent crude oil wagers to a 5-week high.\nI had a chance to speak with Rystad Energy’s Claudio Galimberti, who told me traders are “clearly factoring in the risk of a big supply disruption“ as tensions in the Middle East rise to “one of the highest levels in four decades.”\nIran 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.\n“That's going to push crude oil prices significantly higher. That is a game changer,” Baruch warned.\nIf you’re looking for ways to hedge against the risk of supply disruption, Galimberti sees Exxon Mobil (XOM), Chevron (CVX), and Shell (SHEL) among the “clear beneficiaries” due to limited exposure to the Middle East. \nJudging 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%.\nWall Street has been trying to assess the risk of a possible broader conflict. One scenario being discussed is the potential blockage of the Strait of Hormuz, a critical passageway and hub for the global oil market, which accounts for nearly 30% of world oil trade.\nIt’s a potential threat that Wall Street pros will be monitoring closely in the days to come.\nGoldman Sachs’s Jenny Grimberg echoed the rising risk of significant disruptions, writing in a note last week that the “biggest impacts of the conflict are likely to come through a disruption in energy supplies, with a potential closure of the Strait of Hormuz likely to lead to a significant further rise in oil prices, which, in turn, could put renewed upward pressure on inflation and weigh on growth.”\nGoldman estimates Brent could peak around $90 per barrel if OPEC moves to rapidly offset a disruption of 2 million barrels per day for six months. However, if OPEC does not move to cushion a shortfall, the team sees prices peaking in the mid $90s.\nAnd pros warn the fallout from any further escalation in the Middle East could spread far beyond the energy market. Wells Fargo Investment Institute’s Paul Christopher says a wider conflict will prompt investors to reposition into “perceived havens.”\n“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 last week.\n\n\n\n\nSeana Smith is an anchor at Yahoo Finance. Follow Smith on Twitter @SeanaNSmith. Tips on deals, mergers, activist situations, or anything else? Email seanasmith@yahooinc.com.\nClick here for in-depth analysis of the latest stock market news and events moving stock prices\nRead the latest financial and business news from Yahoo Finance","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}