Middle East, Escalate and Oil Prices
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Even as tensions simmer in the Middle East with the possibility of crude oil supply disruptions, prices are likely to be capped below the $80-per-barrel mark.
Money market moves show traders are pricing in about 48 basis points of rate cuts by the end of 2025, with a 55% chance of a 25-bps rate cut in September, according to CME Group's Fedwatch tool.
ConocoPhillips is poised for growth amid rising oil prices with strong Q1 earnings and potential outperformance of major rivals. Learn more about COP stock here.
As tensions escalate between Israel and Iran, North Texas energy experts are closely monitoring the impact on global oil markets — and warning that rising prices at the pump may not be far behind.
Escalating tensions between Israel and Iran will likely lead to increases in gas prices in Florida and across the nation. Florida gas prices are the lowest in a month, according to AAA - The Auto Club, but face upward pressure heading into this week.
Geopolitical tensions in the Middle East could drive oil prices as high as $120 per barrel according to JP Morgan, benefiting Exxon Mobil's earnings outlook. Applying the Graham Number, Exxon Mobil's intrinsic value ranges from $103 to $134 per share, depending on EPS scenarios.
Oil prices recently jumped on worries over the fallout from escalated tensions in the Middle East, but not to levels that risk leading to a recession, according to DataTrek Research. Based on recent U.