The Traderszone Network

Published in TZ Latest News 12 June, 2014 by The TZ Newswire Staff

Oil Stocks Hit New Highs As Iraq Tension Increases

Oil prices bumped up Thursday as conflict in Iraq worsened. It’s not good for stocks overall, but the oil stocks had a good day. The Oil & Gas-U.S. Exploration & Production industry group is ranked No. 2 out of 197 groups tracked by IBD. That’s up from No. 6 six weeks ago. Many of the stocks were strong in the morning but gave back a good portion of their gains by the end of the day.

read more