# Oil prices keep climbing as Middle East tensions flare — ride the energy rally with Exxon and Chevron

_AI-generated trading idea · LONG · CVX, USO, XLE_

> Canonical page: https://commonquant.ai/research/for-you/oil-prices-keep-climbing-as-middle-east-tensions-flare-ride--4aefd7c5-268a-4b54-bad7-51fb8fdd9f80

Oil prices are climbing for the third day in a row as military clashes between the US and Iran make investors worried about a peace agreement in the Middle East.

## Idea

Rising military tensions in the Middle East are disrupting the outlook for global oil supplies, pushing prices higher. Because the situation is unpredictable and a peace deal looks less likely, energy companies and oil funds could continue to see strong demand. With oil on a multi-day winning streak, jumping into major oil producers or oil-tracking funds could capture further upside as long as the conflict persists.

## Key details

- Symbols: CVX, USO, XLE
- Timeframes: 1D
- Tags: \#geopolitics, \#energy, \#commodities

## Community

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## News sources

- [Stocks dip on new Iran attacks as oil prices rise](https://finance.yahoo.com/news/oil-jumps-mideast-missiles-while-021606836.html) — Yahoo Finance
- [Oil Gains as US-Iran Clashes Cloud Peace Deal Outlook](https://www.bloomberg.com/news/videos/2026-06-03/oil-gains-as-us-iran-clashes-cloud-peace-deal-outlook-video) — Bloomberg

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