Reported about 7 hours ago
As geopolitical tensions rise in the Middle East, particularly between Israel and Iran, oil prices have begun to trend upward despite a bearish sentiment among investors. Neal Dingmann from Truist Securities advises that the increase in tensions could lead to a rapid surge in oil prices. He encourages investors to hold energy stocks, emphasizing their potential for strong shareholder returns through dividends and buybacks, while expressing cautious optimism for the sector's future.
Source: YAHOO