Benchmark U.S. crude oil for July delivery rose 98 cents to $115.07 a barrel Friday. Brent crude for July delivery rose $2.03 to $119.43 a barrel.
Wholesale gasoline for June delivery rose 14 cents to $4.02 a gallon. June heating oil rose 3 cents to $4 a gallon. July natural gas fell 17 cents to $8.73 per 1,000 cubic feet.
Gold for August delivery rose $3.40 to $1,857.30 an ounce. Silver for July delivery rose 16 cents to $22.10 an ounce and July copper rose 5 cents to $4.31 a pound.
The dollar fell to 127.10 Japanese yen from 127.19 yen. The euro rose to $1.0733 from $1.0720.7 Defense Stocks to Buy as Global Tensions Continue to Grow
The United States may not officially be on a war footing. But since the Russian invasion of Ukraine, the Biden administration is pledging $350 million in military aid. And we're not the only ones. Our NATO allies are also making commitments to help Ukraine in its defense. And those commitments, along with that of the United States is likely to increase if the conflict escalates.
That means this is the time for opportunistic investors to pounce on defense stocks. These are stocks that support the military industrial complex in the United States. Even in peace time, the defense department commands a significant portion of the federal government's budget. So it's logical to presume that more money will be spent to assist in our defense as well as the defense of other countries.
This is an example of investing in the world that exists rather than the world you may want. These seven companies stand to see a sizable increase in revenue. This is likely to spill over into earnings which in turn will lead to a higher stock price over time.
Here are seven defense stocks that you should be considering right now.View the "7 Defense Stocks to Buy as Global Tensions Continue to Grow"