After an event that included attacks on two separate Aramco oil facilities in Saudi Arabia earlier this month, oil prices saw an immediate spike. While prices have softened substantially since the attacks, the price of crude is still higher than before the attacks. The market's immediate and strong reaction to a possible decrease in supply highlights the fragile nature evident in the oil markets and pricing.
Any additional tension or uncertainty in the region could push prices much higher in the future. This scenario would benefit U.S.-based Parsley Energy (NYSE: PE) and, given the strong push against Iran by many American consumers and policy experts, those interested in investing wisely should pay attention.
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