Oil and gas prices jump
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Once viewed primarily as cyclical or speculative, modern oil and gas is increasingly evaluated by investors as a cash-flowing real asset.
The war in the Mideast is sending shudders through global energy markets. Oil prices are up more than 6%, and European natural gas futures are spiking more than 40% in the wake of the shutdown of a major supplier of ship-borne gas due to the fighting.
The iShares US Oil & Gas E&P ETF provides a 2.15% yield via quarterly distributions, appealing to income-oriented investors seeking energy sector exposure. Learn more about IEO ETF here.
Trump visited the Port of Corpus Christi where he delivered remarks to applaud his economic and energy policies. The president reflected on the past year of his second term. He said he took over a country that was “dead” and has unlocked its potential.
Oil prices rose sharply when market trading began late Sunday over concerns that the supply from Iran and elsewhere in the Middle East would slow or grind to a halt.