Wall Street Snubs Big Oil Stocks amid Crude Price Runup

Concerned about an AI bubble? Sign up for The Daily Upside for smart and actionable market news, built for investors. One of the Newtonian laws of Big Oil physics is getting flipped on its head. Historically speaking, when oil prices rise, shares of oil majors tend to rise with them. But as oil prices spike amid the US-Israel conflict with Iran, shares of major oil firms have barely budged. Consider it a sign of the sheer disruptive scale of the Middle East war, and the unprecedented coordinated response ...