Oil prices this time increased due to the prolong blockade of the Iran war . However , the last time oil hit 100 was 2 years ago when russia invaded Ukraine . However what changed since then is supply issues .
Personally , I think consumer prices will increase , and companies that are mostly based on shale oil will benefit such as
$Devon(DVN)$and
$EOG Resources(EOG)$.
For me , rising oil prices and the possibility of an interest rate hike means that shifting more holdings to cash could be an interesting alternative as the risk premium between holding cash and buying equity is now reduced
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