Oil Jumps on Fears Iran Could Be Attacked

Although the surprising consumption and demand figures from the IEA weren't making a dent in Tuesday's energy futures markets, the implications of the data were doing damage to oil stocks. The entire integrated oil complex was lower, with BP (BP Quote) losing 1.5% at $68.55, Royal Dutch Shell (RDS.A Quote) falling 1.4% at $80.54, and ConocoPhillips(COP Quote) and Exxon (XOM Quote) both trading fractionally lower.

Oil service stocks are also trading largely to the downside. Diamond Offshore Drilling(DO Quote) was losing 0.6% at $138.37, Global Industries (GLBL Quote) was falling 2.2% at $17.53, Halliburton (HAL Quote) was edging up to $53.24, and Nabors Industries (NBR Quote) was losing 1.6% at $48.42.

The U.S. Oil(USO Quote) ETF, which tends to closely track the performance of West Texas crude futures contracts, was recently up 1.1% at $114.83.