3 Oil & Gas Stocks to Consider Amid Rising Crude Prices [Yahoo! Finance]
APA Corporation (APA)
Last apa corporation earnings: 2/26 05:26 pm
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Source: Yahoo! Finance
This recent upsurge in oil prices, marked by the performance of benchmarks, such as Brent crude and West Texas Intermediate (WTI) crude, is a critical juncture for traders and investors alike. Brent crude recently settled at $90.50 a barrel, marking a modest 0.13% increase in the latest trading session, whereas WTI crude saw a slight rise of 0.1% to $86.52 a barrel in the latest trading session. Heightened Geopolitical Tensions Influence Market A notable driver behind the rally in WTI crude oil prices is the escalating geopolitical unrest in the Middle East, particularly the tensions between Israel and Iran. An Israeli attack on the Iranian embassy in Syria has stoked fears of a broader conflict, potentially disrupting oil supplies from a region that is crucial to the global oil market. Iran, being the third-largest crude oil producer within the Organization of the Petroleum Exporting Countries, plays a significant role in the global oil supply dynamics. This backdrop of geopoli
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