Why Crude’s Volatile Ride Makes TSX Oil Stocks Clear Buys

News Snapshot:

Oil prices went on a volatile ride this week, rising to $80 before crashing to $64. The reason for the volatility was the conflict between Israel and Iran, which broke out last week and continues today. On June 13, Israel launched a surprise on Iranian officials and nuclear sites. The attack caused 80 casualties in Iran, many of them high-ranking military officers, and destroyed vital nuclear infrastructure. Later, Iran retaliated against Israel, resulting in 29 confirmed casualties, while the U.S. dropped a bunker buster bomb on Iran’s Fordow nuclear site. Iranian officials claimed that the U.S. strike did not eliminate...