ConocoPhillips (COP)

Markets cheered Monday after Iran signaled it wants to de-escalate tensions with Israel and return to negotiations, easing geopolitical jitters that had rattled investors and sent oil prices surging last week.

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Conoco stock costs only 12.6 times earnings and pays a decent dividend. It's a good way to play heightened worries about oil supplies.

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US markets closed slightly lower as trade tensions persist and mixed corporate earnings stir investor sentiment.