Shares of oil and gas companies are trading higher following a report suggesting that President Biden said the US Is "discussing" potential support for Israel striking Iran's oil facilities.
Portfolio Pulse from Benzinga Newsdesk
Oil and gas stocks are rising after reports that President Biden is considering supporting Israel in striking Iran's oil facilities.
October 03, 2024 | 3:59 pm
News sentiment analysis
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POSITIVE IMPACT
AMTX shares may benefit from increased oil prices due to geopolitical tensions involving potential US support for Israel against Iran.
AMTX, as an oil-related company, could see its stock price rise due to increased oil prices from geopolitical tensions.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
LTBR shares might see a positive impact as geopolitical tensions could lead to higher energy prices.
LTBR, involved in energy, could see a positive impact from rising energy prices due to geopolitical tensions.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 40
POSITIVE IMPACT
MPC shares are likely to rise as potential US support for Israel could lead to higher oil prices.
MPC, being a major player in the oil industry, is likely to benefit from increased oil prices due to geopolitical tensions.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
TPL shares may increase as geopolitical tensions could drive up oil prices.
TPL, involved in oil and gas, could see its stock price rise due to increased oil prices from geopolitical tensions.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
VGAS shares could benefit from rising oil prices amid geopolitical tensions.
VGAS, as an oil-related company, could see a positive impact from rising oil prices due to geopolitical tensions.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 40
POSITIVE IMPACT
VLO shares are likely to rise as potential US support for Israel could lead to higher oil prices.
VLO, being a major player in the oil industry, is likely to benefit from increased oil prices due to geopolitical tensions.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 60