Why are stocks at highs with Hormuz closed and oil elevated?
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Author: Investing.com
UK Bond Selloff Sends 10-Year Yield Back to 5% Ahead of BOE Meet
(Bloomberg) — The UK’s government bonds are sliding on pressure from surging oil prices and political risks, sending the 10-year yield back above 5% for the first time in a month. Read More
Swiss Fund Topping 95% of Peers Sees Room for Oil Stocks to Run
(Bloomberg) — A Swiss value investor who has outperformed most peers this year after sticking with his bet on energy stocks says the rally has further to run, as share prices catch up with earnings upgrades spurred by the Iran war. Read More
Japanese Crude Supertanker Attempts Hormuz Exit in War’s First
(Bloomberg) — A laden Japan-linked supertanker appears to sailing through the Strait of Hormuz, in what may be the first attempt by an oil carrier from the country to leave the Persian Gulf since the Iran war began. Read More
Cnooc Posts Stronger Profit as Iran War Boosts Oil Prices
(Bloomberg) — Cnooc Ltd. reported stronger profit in the first quarter, as China’s top offshore driller benefited from rising global crude prices from the war in the Middle East. Read More
First LNG Shipment Since War Began Appears to Exit Hormuz
(Bloomberg) — The first liquefied natural gas shipment since the war in the Middle East began two months ago appears to have traversed the Strait of Hormuz to exit the Persian Gulf. Read More
BP Profit Jumps as Oil Trading Boomed During Iran War
(Bloomberg) — BP Plc said earnings jumped in the first quarter as spiraling energy prices and market turmoil triggered by the Iran war led to a surge in profits from its oil trading operation. Read More
