Oil prices rebounded after the U.S. seized an Iranian ship, escalating tensions and dampening hopes for a near-term peace deal, following sharp volatility tied to the reopening and subsequent closure of the Strait of Hormuz, CNN’s Hanna Zlady reports. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Shell (SHEL) and TotalEnergies (TTE).
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BP:
- BP upgraded to Outperform from Neutral at BNP Paribas
- BP price target lowered to $44 from $46 at TD Cowen
- BP: Near-Term Trading Tailwinds but Medium-Term Commodity and Earnings Uncertainty Justify Hold
- BP upgraded to Buy from Neutral at UBS
- UBS upgrades BP to Buy, says new CEO takes over at ‘critical turning point’