Oil prices fell after Israel’s attack on Iran, with Brent crude futures dropping 5% to $71.99 a barrel before rebounding to $72.82 and West Texas Intermediate falling 4.4% to $68.63. Iran’s supreme leader signaled a measured response, easing fears of a full-blown war, while analysts suggest the focus is shifting towards oversupply risks in 2025 as Opec members plan production cuts. Despite tensions, the geopolitical risk premium in oil prices remains limited due to high spare capacity and minimal impact on regional oil supply.
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2 Magnificent S&P 500 Dividend Stocks Down 2% and 16% to Buy and Hold Forever
As of July 18, the S&P 500 index has risen 13.6% over the past year, though companies like Home Depot (NYSE: HD) and PepsiCo (NASDAQ: PEP) have seen declines of 1.8% and 15.9%, respectively. This market focus on short-term issues presents an opportunity for patient investors to benefit from dividends while awaiting a recovery in stock prices. Want More Context? 🔎
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