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ConocoPhillips Stock (NYSE:COP): Will Benefit From Geopolitical Tensions

On the surface, hydrocarbon energy giant ConocoPhillips (NYSE:COP) seems irrelevant. With political and ideological forces pushing for cleaner and sustainable solutions, fossil fuels are no longer relevant. However, there is no end in sight to the Russian military campaign in Ukraine. So, simple math suggests that the price of crude oil will go up, which will favor upstream specialists like ConocoPhillips. Therefore, I have no choice but to be bullish on COP stock. The math shows

Asian stocks rise; positive metals growth in manufacturing sector

Prices of industrial metals continued their upward trend on Tuesday, with the global manufacturing sector expected to rebound, while Asian stocks were slightly cautious ahead of this week's U.S. inflation data and an important meeting of the European Central Bank. The Morgan Stanley Capital International (MSCI) broadest index of Asia-Pacific equities outside Japan rose 0.2%. Japan's Nikkei index rose 0.6%.
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