Energy companies appreciate and benefit from the US entry into the war between Israel and Iran
Worker and oil rig in sunset, created with Generative AI technology
Energy stocks are benefiting this Monday from the weekend's events that led to the United States entering the war between Israel and Iran .
Among the world's largest oil companies, ExxonMobil rose 1.1% on Monday in pre-market trading. Chevron is also in the green, rising 0.7%, also in pre-market trading.
Shell is also on the rise, rising 1%, while Total Energies is up 0.7%. BP is up 1.4%.
Saudi Aramco is escaping the green, falling 0.08%.
In Portugal, Galp Energia rises 0.6%.
Returning to the international market, Repsol is rising 0.7% and Eni is rising 0.5%.
The price of a barrel of oil is also following the rise that companies in the sector are experiencing on the stock market this Monday. Brent is currently up 0.78% to $76.07 and crude is up 0.79% to $74.42.
It should be noted that the Tehran parliament has already recommended closing the Strait of Hormuz due to the current conflict with Israel, something that could affect the performance of companies in the energy sector. The area is important for international trade, given that 20% of the world's oil passes through it.
jornaleconomico
