Energy Stocks Surge as Geopolitical Tensions Boost Oil Prices – Is this the Beginning of a Bullish Trend?
New York, NY – Energy-related stocks surged on Monday as oil prices saw a slight increase. The S&P 500 Energy Sector Select ETF (XLE) rose over 1%, contributing to the overall market gains. This rise in energy stocks came as crude futures ticked up due to renewed geopolitical tensions and a move by Saudi Aramco to raise prices for its Asian customers, indicating a tight supply in the market. West Texas Intermediate (CL=F) saw a …