Investment Rating - The report does not explicitly provide an investment rating for the industry or specific companies within it Core Insights - The crude oil market is currently in a state of anticipation regarding Iran's response to recent US military actions, which could significantly impact oil prices and supply dynamics [1][3] - Front-month WTI futures experienced a brief increase to $78.4 but have since retreated to around $76, indicating a resistance level below $80 despite geopolitical tensions [2] - Higher crude oil prices are expected to positively affect companies in the oil refining and exploration sectors, leading to increased earnings through higher selling prices and inventory valuation gains [3] Summary by Sections Crude Oil Market Dynamics - The market is closely monitoring Iran's potential actions following the US bombing of its nuclear sites, particularly the risk of closing the Strait of Hormuz, which is crucial for energy transportation [3] - The immediate impact of rising crude oil prices may negatively affect earnings in the electric power and gas sectors due to a lag in the fuel cost adjustment scheme [3] Impact on Companies - Companies in the oil exploration and development industry are likely to benefit from higher crude oil prices, which will enhance their revenue from oil and natural gas sales [3] - The petroleum products industry is also expected to gain from increased oil prices, not only through improved operational performance but also from favorable inventory valuations [3]