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tz-plus logo Stocks in Action USA: LS-Oil, Williams-Sonoma, Macy's

L. Kulikov
Reading Time: 4 minutes

Oil Prices Rise – Geopolitical Tensions in the Middle East Push Brent Above 103 USD – Energy Stocks Benefit! The oil prices continue their upward trend as new attacks on energy infrastructure in the Middle East intensified supply fears. Brent futures rose by 3.2% to 103.42 USD per barrel, reaching the highest closing price since August 2022. Triggered by reports of attacks on the Majnoon oil field in Iraq and a gas field in the United Arab Emirates, both of which had to temporarily halt production . Additionally, shipping traffic in the strategically...

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