Now I get it — these countries are raking in billions weekly by controlling crude oil. One day they talk about a 60-day peace deal, and the next day tensions flare up again.
Oil is bouncing between 90 and 110, and with this volatility, it looks like it might head back towards the 100 level soon. 6 Oil Stocks to Buy Closely Tied to Crude Prices
Higher oil prices could mean higher share prices for these stocks.Supply disruptions in the Middle East following the U.S. and Israeli attacks on Iran have sent oil and gas prices soaring so far in 2026. Investors anticipate the Donald Trump administration will continue to support the energy sector with favorable policies, and stocks that are highly correlated to oil prices could generate big profits in 2026 and beyond.That said, high correlation to crude prices can be a double-edged sword, as many energy investors experienced when oil prices collapsed in 2020. Here are six Bank of America "buy"-rated stocks with historically high correlations to WTI crude oil prices:
Stock Implied change*
Targa Resources Corp. (ticker: TRGP) 5%
SLB Ltd. (SLB) 23%
Halliburton Co. (HAL) 10%
Baker Hughes Co. (BKR) 20%
Chevron Corp. (CVX) 5%
Devon Energy Corp. (DVN) -1% $CL
