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Predicting the S&P 500's direction based on oil moves is an empty bet.
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If you need any further evidence of the wisdom of holding some energy stocks in your 401(k) and other retirement accounts, look at Berkshire Hathaway.
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The Oil Prices You See Don't Tell the Market's Real Story Bloomberg.comExclusive | Saudi Arabia Sees a Spike to $180 Oil if Energy Shock Persists Past April WSJOil prices top $112 after Iraq declares force majeure, Kuwait refineries attacked CNBCHow High Will Oil Prices Go? Global Markets Brace for More Bad News. The New York Times
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War in Iran has disrupted global oil supplies, which is prompting some car shoppers to look for ways to climb off "the gas-price roller coaster."
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It's not just oil: 3 critical supply chains being upended by the war in Iran Business InsiderWhere Oil and Gas Sites Have Been Attacked During Iran War The New York TimesAttacks on major oil, gas sites in the Middle East ReutersThe world energy shock is coming New StatesmanIran Might Use Its Economic-Doomsday Option
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Oil prices settled higher Friday, with global benchmark Brent crude posting a fifth straight weekly gain, after the Pentagon said it is sending more troops and warships to the Middle East.
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