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0.000209775540171974 0 -0.000839102160688046 -0.000839102160688046 0.00146842878120397 0.00335640864275218 -0.000839102160688195 0.000209775540171974
Stock impact report

Oil prices have ripped higher, yet investors keep making this mistake with energy stocks [Yahoo! Finance Canada]

BP p.l.c. (BP) 
Last bp p.l.c. earnings: 4/29 04:01 pm Check Earnings Report
"Opining on the short-term pathway of the Gulf crisis is next to impossible," Citi analyst Alastair Syme wrote in a new note on Thursday. "We hear the argument that the market risks being too complacent but, equally, history in this sector says be careful about capitalizing commodity-price spikes." "More interesting to us are the more lasting consequences which we believe will be the structural re-engagement of the broader investment community with oil & gas equities," Syme added. Since the onset of the war in the Middle East, global oil prices have spiked and become significantly more volatile, driven by fears of supply disruptions across key energy corridors in the region. Brent crude has surged from the mid-$70s per barrel range before the war to well above $100, as traders price in the risk of constrained flows through critical chokepoints like the Strait of Hormuz, along with potential production outages in nearby exporting countries. Prices surged more than 7% to $109 a Show less Read more
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