These 7 Energy Stocks Are Rallying as Crude Tops $90 on US Strikes in Iran
US strikes on Iran near the Strait of Hormuz sent WTI crude up 5.4% to $90.38. Seven energy stocks rallied and the 10-year yield hit 4.80%.
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UBS Maintains Neutral on Ecopetrol, Raises Price Target to $16
UBS analyst Tasso Vasconcellos maintains Ecopetrol (NYSE:EC) with a Neutral and raises the price target from $14 to $16.
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Ecopetrol Closes $1.2B Deal For 51% Of Brava Energia, Adding 459M Boe Of Proved Reserves And 78.8 Kboed Production
Shares of integrated oil and gas companies are trading higher amid energy price gains due to concerns that the U.S. and Iran aren't making meaningful headway in negotiations to reopen the Strait of Hormuz peacefully and without transit fees.