24H | Energy Stocks Rally With Houston American Up 14%, Indonesia Energy up 7%; Circle Jumps Another 5%

Tiger Newspress

18 Jun

Some oil & gas exploration & production stocks jumped in overnight trading. Houston American rose 14% after a 88% rally on Tuesday; Indonesia Energy rose 6.86% after a 92% rally on Tueaday.

President Donald Trump met with his national security team in Washington for more than an hour on Tuesday to discuss the escalating Middle East conflict, according to people familiar with the matter, fueling fresh speculation that the US is on the verge of joining Israel’s attack on Iran.

Oil climbed as concerns mounted over an escalation of tensions in the Middle East that may trigger a more direct US involvement. West Texas Intermediate crude rose as much as 1.1% in early trading after settling at the highest in almost five months on Tuesday.

Circle Internet jumped over 5% in overnight trading. The US Senate passed stablecoin legislation setting up regulatory rules for cryptocurrencies pegged to the dollar, in a landmark win for the ascendant crypto industry and President Donald Trump.

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