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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, whose stock zoomed toward a record high.
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Higher fuel prices and lower demand for international flights are eating into airlines' profits.
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Airlines and some hotel stocks fell after the U.S.-Israeli attacks on Iran and subsequent retaliation strikes.
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BCA Research reiterate their conviction in energy and oil services companies, while adding a shipping tanker ETF
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Global oil prices are in the high $70s as traffic through Strait of Hormuz comes to a halt. Some analysts have warned they could top $100 a barrel if the stoppage is prolonged.
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History shows market can recover quite quickly from geopolitical shocks
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The strikes come at a precarious time for stocks, forcing investors to weigh the fallout of a potential prolonged disruption to oil supplies and logistics.
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BlackRock, EQT-Led Consortium to Acquire AES for $10.7 Billion WSJAES to Be Taken Private in $33 Billion Deal. Why It's the S&P 500's Worst Stock Today. Barron'sBlackRock, EQT-led group seals $33.4 billion AES deal in bet on AI power boom ReutersMideast Buyers Defy Missile Strikes to Extend Global Deal Spree Bloomberg.comConsortium agrees to buy AES,
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