Oil prices surge further as Saudi retaliates at Iran with air strikes
Crude oil prices surged as high as 2% on Thursday as tensions between Iran and Saudi Arabia continue to escalate over Saudi-led coalition’s launch of air strikes on Iran in retaliation of the latter’s attack on Saudi’s oil infrastructure.
U.S West Texas Intermediate crude settled 85 cents higher at $62.87 per barrel, gaining 1.4% and closing at the highest level in two weeks. Likewise, Brent crude, the international benchmark for oil prices, also surged 85 cents or 1.2%, to close at $72.62 touching its highest level in three weeks.
The Saudi-led air strikes in Yemen were launched after the Iranian-aligned movement admitted their drone attacks on two Saudi oil pumping stations earlier in the week. Owing to this escalated tension, oil markets will have a tough time trading lower in near future.
Iran’s attack and Saudi’s subsequent retaliation have put pressure on oil supply in the Middle East. Asian shippers heading to the Middle East have been duly alerted by the concerned countries and are expecting possible rise in marine insurance premiums post the attack.
The problem is further worsened as OPEC and other oil producing countries will continue with their supply cut that has already rise oil prices by more than 30%. The OPEC members are scheduled to meet in June to rethink the pact.
Momentum Indicator for COP turns positive, indicating new upward trend
COP saw its Momentum Indicator move above the 0 level on January 26, 2026. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 93 similar instances where the indicator turned positive. In of the 93 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for COP just turned positive on January 27, 2026. Looking at past instances where COP's MACD turned positive, the stock continued to rise in of 46 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where COP advanced for three days, in of 338 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 293 cases where COP Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The 10-day RSI Indicator for COP moved out of overbought territory on February 05, 2026. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 40 similar instances where the indicator moved out of overbought territory. In of the 40 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 7 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where COP declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
COP broke above its upper Bollinger Band on February 04, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. COP’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 75, placing this stock slightly better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.065) is normal, around the industry mean (11.857). P/E Ratio (17.118) is within average values for comparable stocks, (25.695). Projected Growth (PEG Ratio) (2.279) is also within normal values, averaging (4.387). Dividend Yield (0.029) settles around the average of (0.071) among similar stocks. P/S Ratio (2.312) is also within normal values, averaging (208.865).
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General Information
a producer of wholesales oil and natural gas
Industry OilGasProduction
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