Stocks wobble, oil jumps on Middle East tension
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Wall Street, stocks and oil prices
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Oil prices have risen in response to the Israel-Iran war, bringing them nearly back to the levels where they traded before the Liberation Day tariffs were announced on April 2. Oil stocks are trailing well behind.
U.S. stock futures slipped and oil prices rose on Tuesday, as investors were rattled by U.S. President Donald Trump's call for everyone to evacuate Tehran with the fifth-day of Israel-Iran fighting sowing fears of a broader regional conflict.
U.S. stocks rose Monday as oil prices eased and investors bet the conflict between Israel and Iran would remain limited. The Dow Jones Industrial Average gained 248 points, or 0.6%. The S&P 500 added 0.
TotalEnergies SE (NYSE:TTE) is one of the 10 most undervalued oil stocks to buy according to analysts. On June 4, TotalEnergies SE (NYSE:TTE) declared that it had signed a deal with Shell Brasil Petróleo Ltda to swap its 20% non-operated stake in the Gato do Mato project for a 3% stake in the offshore oil field Lapa.
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Oil prices have resumed their upward climb and U.S. futures are lower after Israel's military issued an evacuation warning to 330,000 people in Iran's capital Tehran.
US stocks open higher as the Israel-Iran conflict remains contained. Oil prices dip. The Fed is set to meet on rates.
President Trump's trade policies keep grabbing the spotlight, along with the Israel-Iran conflict. Follow along for the latest updates on markets, including the Dow industrials, S&P 500 and Nasdaq Composite.
However, Chevron isn't the only high-yielding dividend stock in the energy sector. Enbridge (NYSE: ENB), Brookfield Renewable (NYSE: BEPC)(NYSE: BEP), and Enterprise Products Partners (NYSE: EPD) stand out to a few Fool.