Making Money Off Iran Conflict in the Stock Market
The tension between Iran and the UK has increased the price of oil the past few days to over 66 bucks a barrel. A quick way to make some money is to buy in the energy sector such as Suncor (SU) or VLO. Some believe that if Iran refuses to release the soldiers, and UK and the UN or the US attacks Iran, we could definitely see oil jump to close to $100 a barrel! Then again, if Iran gives in, we can see oil drop by $5 a barrel easily. To me, there is more upside than downside risk, so I’ve put money on a few energy stocks. Even if they go down a bit, I’m still bullish on energy.
Tags: investing, Iran, stocks, SU, VLO