Oil prices are surging again. Over the past few weeks, crude has jumped more than 10% on the back of intensifying Middle East tensions.
Israel has launched one of its most aggressive campaigns in years, targeting Iranian defense and nuclear systems directly, raising fears that broader regional escalation could spill into global oil markets.
Despite this headline-fueled rally, don’t pile into oil stocks or energy ETFs.
History, and the current economic landscape, tells us that this bounce is more about fear than fundamentals and technicals.
This post originally appeared at Money Morning.