NYSEARCA:XLE - NYSE Arca - US81369Y5069 - ETF - Currency: USD
U.S. stocks retreated Friday as geopolitical tensions erupted following Israel's surprise airstrike on Iranian nuclear sites, sparking a sharp rally in oil and gold.
Today's economic cycle places a lot of high upside potential in the energy sector, sending waves of bullishness in these 3 names.
Middle East conflict boosts demand for 'crisis alpha' ETFs in defense, energy, inflation, and cybersecurity sectors, as investors fear market volatility.
Prime Minister Benjamin Netanyahu said the operation would continue for several days.
Brent crude futures rose 0.3% at $67.22 per barrel, while West Texas Intermediate crude futures were up 0.2% at $65.43 per barrel, as of 1.04 am ET.
These three energy firms have bucked the trend sector-wide, achieving noteworthy rallies in recent weeks despite macro pressures.