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US energy sector benefits from Middle East crisis; gold seen as a long-term buy amid economic risks

Market News
24 Mar 2026
Seeking Alpha
View Source
Bullish
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The US is largely shielded from the Middle East energy crisis due to record domestic oil production and strong internal demand, while global supply constraints are highlighted by Oman crude prices reaching $173. This situation makes US energy producers like ConocoPhillips and Chevron attractive investments amid high oil prices. Additionally, gold's recent price drop is viewed as a buying opportunity given rising war spending, record debt levels, and ongoing stagflation risks. Investors are advised to remain calm and consider these sectors for potential gains.

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