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Tension in the Middle East: Oil Heading for Weekly Gain

Robert Scott
Tension in the Middle East: Oil Heading for Weekly Gain

What Impacted Your Energy Portfolio?Oil pushed energy stocks higherOn May 16, US crude oil June futures rose 1.4% and settled at $62.87 per barrel. A 0.9% rise in the S&P 500 Index (SPY) and rising geopolitical tensions in the Middle East