Oil Stocks Jump Again as Israel-Iran Conflict Drives Oil Prices Higher

Tiger Newspress

06/16

Oil extended gains as the conflict between Israel and Iran entered a fourth day, with the market bracing for an escalation that may disrupt energy supplies.

Oil stocks jumped again in premarket trading. Houston American rose 19%; Indonesia Energy rose 14%; US Energy rose 5%; Halliburton and Schlumberger rose 1%.

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