President Donald Trump predicted the Iran war will end shortly after the November mid-term elections, expecting oil prices to fall sharply afterward. Despite a recent pullback, oil prices surged above $100 a barrel amid ongoing regional tensions, including attacks on Saudi Arabia's key East-West pipeline and advances by Iran-backed Houthi rebels threatening critical shipping routes. Diplomatic talks between Iran and Gulf states are planned, but Iranian leaders remain defiant. The situation continues to pose risks to global oil supply and trade routes, with potential impacts on energy markets and geopolitical stability.
On October 16, 2026, Brent crude oil prices surged past $110 a barrel, reaching their highest level since May, driven by geopolitical tensions from the U.S. and Israel's attack on Iran and disruptions in the Strait of Hormuz. This spike boosted energ...
Goldman Sachs analyst Neil Mehta set a $169 price target for Exxon Mobil, suggesting a 4.7% downside from its then $177.30 share price. Exxon Mobil reported that higher refining margins added $4.5 billion to its third-quarter earnings, helping offset...
Adams Natural Resources Fund reported a 34.4% total return on net asset value for the first nine months of 2026, closely tracking its benchmark composed of 80% S&P 500 Energy Sector and 20% S&P 500 Materials Sector, which returned 34.0%. The fund's m...
The State Street Energy Select Sector SPDR ETF (XLE) has surged 50% year-to-date, driven by high energy prices due to ongoing disruptions in the Strait of Hormuz and strong global demand. Despite this rise, top holdings like ExxonMobil (XOM) and Chev...
ExxonMobil is expected to report strong Q3 earnings supported by high crude prices and favorable refining conditions. Growth in Permian production, Guyana's offshore capacity, and LNG expansion may offset potential declines in commodity prices. The c...
