Wasik: Energy scare good for oil stocks in short term
Despite the incendiary conflict in Iraq that last week sent the benchmark price of Brent crude oil to more than $115 a barrel, a nine-month high, U.S. stock markets largely shrugged off the oil threat, hitting record closing highs last week.
For investors, a new energy crisis in the Middle East presents something of an opportunity, albeit a fragile, short-term one.
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