Oil stocks have more room to run as tension in the Middle East escalates
Oil may get another run as liquid gold. Crude (CL=F) futures surged 9% last week — its biggest weekly gain since March 2023 — driven by escalating tensions in the Middle East. Israel’s vow to retaliate against Iran’s missile attack has prompted more traders to bet on $100 oil, pushing bullish Brent crude oil wagers…