Institution: It is unlikely that the basic fundamentals of oil will undergo significant changes due to the tense situation in the Middle East.

Allen Good of Morningstar stated in a research report that the fundamentals of oil are unlikely to undergo significant changes due to tensions in the Middle East. The analyst pointed out that after the US bombing of an Iranian nuclear facility over the weekend, crude oil prices only rose by about 1% in early trading on Monday. He noted that predicting short-term oil price trends is difficult and advised against buying or selling oil stocks based on speculation about rapidly evolving conflicts. Morningstar continues to favor oil-related stocks that are undervalued based on its long-term oil price assumption of $60 per barrel.