Bolstering the upward trajectory were OPEC's production cuts, alongside increased bullish bets in the oil options market.for less than $10 per month and get an almost 40% discount for a limited time on your 1-year plan!is on the rise amid a confluence of factors that are driving up prices. Geopolitical tensions have flared up, with Russia's attacks on Ukrainian energy infrastructure injecting nervousness into the market.
So, in this piece, we will take a look at a few ways to benefit if the uptrend continues. We will analyze ETFs alongside individual stocks.The reason for the modest rise in oil prices following Iran's attack on Israel is twofold. Firstly, Iran's attack was not as severe as initially anticipated and easily dealt with by Israel.
If there's an attack on Iran's energy infrastructure, oil prices could soar, possibly reaching $100 per barrel for Brent crude. Its dividend yields are at 4.04% and it will release its quarterly numbers on April 26. Its shares are down -3.98% in the last 12 months but up 10.87% in the last 3 months.