Energy Stock Vaults 78% As Middle East Outlook Turns Grim; Hovers In Buy Zone

Energy stocks have been riding a wave of higher oil prices as the Middle East conflict continues to roil commodity markets and tanker traffic out of the Persian Gulf remains fragile. After huge year-to-date winnings, energy explorer and producer Ovintiv (OVV) is in buying range, making it an IBD 50 Stock To Watch. Shares broke out of a flat base…