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Commodities

Energy Stocks Soar as Iran Conflict Escalates Oil Prices

Guavy AI Editorial Team
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Oil
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Iran's ceasefire has ended, and oil prices are still rising. This is driving demand for energy stocks that have historically done well when crude prices surge.

According to Investor's Business Daily, some top performers in this space include Anadarko Petroleum (APC), Devon Energy (DVN), Occidental Petroleum (OXY), Phillips 66 (PSX), and Valero Energy (VLO).

While oil prices are up due to the renewed conflict in Iran, it's worth noting that these stocks have already shown significant gains this year. Anadarko Petroleum, for example, has risen over 55% since January.

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