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$120 Oil May Be Best News Green Energy Ever Has

Published . Updated .

$120 Oil May Be Best News Green Energy Ever Has

Because of growing conflict in the Middle East and rapidly declining oil reserves worldwide, oil has hit $120. And there is reason to believe it may not drop soon. Green energy was largely driven by e...

Directly affected

  • No company is named in this report.

Indirectly affected

  • LMT Lockheed Martin+14.2%

    Defense contractors get more work when conflict spending rises

  • RTX RTX-2.2%

    Defense contractors get more work when conflict spending rises

  • NOC Northrop Grumman+5.1%

    Defense contractors get more work when conflict spending rises

  • GD General Dynamics-2.1%

    Defense contractors get more work when conflict spending rises

  • XOM Exxon Mobil+11.0%

    Oil producers earn more when crude prices rise

  • CVX Chevron+9.9%

    Oil producers earn more when crude prices rise

  • ITA iShares U.S. Aerospace & Defense-6.7%

    A fund of aerospace and defense companies

  • BA Boeing-10.5%

    Defense and aerospace orders move with conflict spending

  • LHX L3Harris+2.0%

    Defense contractors get more work when conflict spending rises

  • HII Huntington Ingalls

    Shipyards benefit when naval spending rises

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
LMTNo price data for this ticker———————
RTXNo price data for this ticker———————
NOCNo price data for this ticker———————
GDNo price data for this ticker———————
XOM-2.72%-2.80%baseafter closeafter closeafter closeafter close
CVX-3.75%-2.77%baseafter closeafter closeafter closeafter close
ITANo price data for this ticker———————
BANo price data for this ticker———————
LHXNo price data for this ticker———————
HIINo price data for this ticker———————

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Market Call

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$120 Oil May Be Best News Green Energy Ever Has Yahoo

Source: Yahoo

Middle East

CompanyWhenMoveStatus
COPthree days earlier-3.40%final price
COPfive days earlier-3.70%final price
CVXthree days earlier-2.77%final price
CVXfive days earlier-3.75%final price
MPCthree days earlier+2.58%final price
MPCfive days earlier+3.75%final price
OIHthree days earlier-0.91%final price
OIHfive days earlier-3.02%final price
OXYthree days earlier-2.27%final price
OXYfive days earlier-2.23%final price
USOthree days earlier-5.78%final price
USOfive days earlier-5.13%final price
VLOthree days earlier+4.13%final price
VLOfive days earlier+3.31%final price
XLEthree days earlier-1.69%final price
XLEfive days earlier-2.19%final price
XOMthree days earlier-2.80%final price
XOMfive days earlier-2.72%final price
XOPthree days earlier-1.32%final price
XOPfive days earlier-1.09%final price

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

Middle East on the map for this story

Middle East

Geopolitics Alpha has 0 stories about Middle East from the past 7 days and 0 stories from the past 30. “$120 Oil May Be Best News Green Energy Ever Has” is tagged to Middle East.

How solid the energy case looks

12 out of 100

“$120 Oil May Be Best News Green Energy Ever Has” scores 12 out of 100. The score uses 1 sources.