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These stocks could surge if Oil prices start to rise
COPConocoPhillips(COP) Finbold·2024-02-14 13:09

Commodities such as oil tend to increase when there are geopolitical tensions, especially in the Middle East region, as they could affect the supply chains and further elevate the price of black gold.According to sources within the market citing figures from the American Petroleum Institute (API), U.S. crude oil inventories increased last week, while fuel stockpiles experienced declines. The API data indicated a rise of 8.52 million barrels in crude stocks for the week ending February 9. Gasoline inventorie ...