Why Halliburton Rallied Today
Shares of (NYSE: HAL) had rallied 9.6% on Tuesday at 1:00 p.m. ET.
Halliburton and other oil-and-gas-related stocks took off today as oil and gas prices rose due to increasing and worrying tensions between NATO countries and Russia.
After last week's incursion of Russian drones into NATO airspace, NATO leaders declared today that there would be a "robust" response to the recent incursion. That likely means further sanctions, which could further limit Russian supply to global markets, with Russia accounting for about 10% of total global oil supply.
Source Fool.com
Halliburton Co. Stock
€23.76
-0.650%
The stock is an absolute favorite of our community with 30 Buy predictions and no Sell predictions.
With a target price of 26 € there is a slightly positive potential of 9.43% for Halliburton Co. compared to the current price of 23.76 €.
