Oil companies have seen tremendous volatility over the past few months. As I've mentioned in many recent articles, U.S. crude production growth is finally slowing which may portend a significant long-term bull market in energy stocks.
To add further fuel to the fire, the increasing geopolitical conflict in the Middle East looks increasingly likely to further suppress Iranian oil exports. Crude spiked following the Tuesday missile attack but is currently down a staggering 4.8% (midday Wednesday) as traders have rapidly closed positions following Trump's generally peaceful response.
Thankfully, a rapid increase in a military conflict