Barclays Upgrades Oil Service Stocks, Citing Long-Term Upside Amid Geopolitical Uncertainty

Barclays upgraded the U.S. energy service and technology sector to positive, citing long-term structural benefits from higher oil prices due to geopolitical tensions. The bank raised its price target for Halliburton, indicating a 36% upside, and upgraded several oil service providers. Oil prices have fallen below $100 a barrel amid hopes of a U.S.-Iran deal.

By Liz Napolitano · CNBC · May 7, 2026, 15:51 UTC

Tickers: $BARC $HAL $PTEN $PUMP

Topics: Barclays energy sector Halliburton oil prices oil service stocks

Read the full article at CNBC

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