Why ConocoPhillips Stock Just Popped
ConocoPhillips (NYSE: COP) stock is on the rise Friday morning, up 2.5% through 10:55 a.m. ET, on worrisome news from the Middle East.
On Thursday evening, Israeli warplanes struck multiple targets in Iran, resulting in drone strikes from Iran on Israel. Investors are nervous that conflict in the Middle East will threaten the supply of oil from Mideast suppliers, raising oil prices.
Image source: Getty Images.
Source Fool.com
ConocoPhillips Stock
€84.63
0.110%
The stock is an absolute favorite of our community with 50 Buy predictions and no Sell predictions.
With a target price of 117 € there is a positive potential of 38.25% for ConocoPhillips compared to the current price of 84.63 €.
