Oil Tops $100 on Iran Fears, Energy ETF XLE Hits New Record: Stock Market Today
WTI crude rose above $100 on fears of renewed U.S. strikes on Iran, lifting XLE to a record while staples, telecoms and the Dow slipped at midday Friday.
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Why It Matters
Oil prices jumped above $100 a barrel because of worry about Iran. Energy companies like those in XLE went up, but other stocks fell.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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