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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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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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Gold did exactly what it was supposed to after the Iran strike. Is the spike temporary or a new era for the safe-haven trade?
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