Brent crude and US West Texas Intermediate crude (WTI) traded above $90 and $85 per barrel, respectively in Asian trade on Friday. This price surge followed unconfirmed reports of explosions in Iran, Syria, and Iraq, igniting concerns about a potential escalation of the Middle East crisis.
As crude oil prices are rising, some stocks will benefit from it. According to StockEdge data, here is a list of counters that will benefit from rising crude oil prices: