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Energy prices continued to rise on Tuesday as attacks by the United States and Israel on Iran intensified, along with the country's response.
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Disruption to global energy supplies and the prospect of an ever-widening conflict in the Middle East has sent crude-oil and natural-gas futures higher — and exposed subtle differences on how investors treat the stocks of different energy companies.
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Markets expect a "Venezuela II" scenario in which the bad guy falls, order returns and oil drifts lower.
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Investors leaned onto U.S. energy stocks on Monday, with the widening conflict in the Middle East boosting shares of major U.S. exploration and production and integrated-energy companies, in particular Chevron.
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