Oil Prices Haven't Been This High Since 2022. This Blue Chip Stock Soared 80% That Year

Whenever there's a conflict in the Middle East, it has the potential to disrupt the supply of oil and thus lead to an increase in commodity prices. And when that happens, many oil and gas producers benefit not only from greater revenue and more profit, but their share prices also get a boost. Recently, the price of crude oil climbed to more than $100 per barrel, the first time it has done so since 2022. And although it has come down from that high and on Tuesday was back to around $86, with the war in Iran ...