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Geopolitical Tensions Are Pushing Oil Stocks Higher, But Can the Rally Last?

Source: Motley Fool

2026-03-07 05:50:00 ET

The war with Iran has driven up oil prices, taking oil stocks up with them. Brent, the global crude oil benchmark, has rallied about 40% this year, rising from $60 to around $85 per barrel. That has fueled a more than 25% surge in the average oil company stock price this year.

Here's a look at whether the rally in oil stocks can last.

Image source: Getty Images.

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Exxon Mobil Corporation

NASDAQ: XOM

XOM Trading

-1.42% G/L:

$149.40 Last:

8,252,555 Volume:

$149.25 Open:

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XOM Latest News

March 10, 2026 11:35:00 pm
Here's Why Oil Prices Are Surging Right Now

XOM Stock Data

$637,867,384,946
4,174,993,958
0.01%
2774
N/A
Fossil Fuels
Energy
US
Spring

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