The reason? Israel's attack on Iran's nuclear facilities has investors fearing supply disruptions.
Here's the key quote from energy expert Bob McNally:
"The oil market had been complacent about the risk of geopolitical disruptions... we expect significantly more risk premium to come into the price of crude."
Translation: Oil prices are heading much higher.
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With Iran promising "severe punishment" for Israel's attacks, this situation could escalate quickly.
Position yourself now, before the next wave of oil price increases.