Geopolitics Alpha

Oil prices gain more than $1 after Yemen strikes on KSA

Published . Updated .

ENERGYOil prices gain more than $1 afterYemen strikes on KSARTXGEOPOLITICS ALPHA

This report is about Defense and Energy. Names like LMT and RTX typically gain because defense contractors get more work when conflict spending rises.

Directly affected

  • RTX Rtx

    Named in this report.

Indirectly affected

  • LMT Lockheed Martin+4.2%

    Defense contractors get more work when conflict spending rises

  • NOC Northrop Grumman+2.8%

    Defense contractors get more work when conflict spending rises

  • GD General Dynamics-3.4%

    Defense contractors get more work when conflict spending rises

  • XOM Exxon Mobil+7.9%

    Oil producers earn more when crude prices rise

  • CVX Chevron+6.6%

    Oil producers earn more when crude prices rise

  • ITA iShares U.S. Aerospace & Defense-5.8%

    A fund of aerospace and defense companies

  • BA Boeing-6.2%

    Defense and aerospace orders move with conflict spending

  • LHX L3Harris-0.6%

    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
RTX———————
LMT———————
NOC———————
GD———————
XOM———————
CVX———————
ITA———————
BA———————
LHX———————
HII———————

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Oil prices gain more than $1 after Yemen strikes on KSA Mehr News Agency

Source: Mehr News Agency

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How solid the energy case looks

12 out of 100

“Oil prices gain more than $1 after Yemen strikes on KSA” scores 12 out of 100. The score uses 1 sources.