$100 Oil Sends Energy Stocks into Focus Amid US-Iran Tensions
As the US Federal Reserve maintains interest rates at 3.5-3.75%, energy stocks have regained their spotlight due to stubborn inflation pressures and oil prices surpassing $100 per barrel amid US-Iran tensions.
This has created a mix of steady rates, rising input costs, and higher funding costs that can either reward or complicate the lives of certain companies.
Parex Resources (TSX:PXT), Genel Energy (LSE:GENL), and Tourmaline Oil (TSX:TOU) are three oil and gas producers from Simply Wall St's Energy Sector Stocks screener that seem particularly exposed to these headlines.