Resumed U.S.-Iran strikes sent oil up 3%, lifting CVX and XOM roughly 1.5% each at Monday's open as Middle East risk premiums returned.
OXY fully offset Middle East production losses via Permian volumes, while PCG collapsed 19% after California lawmakers blocked wildfire liability reform.
Trump's Venezuela deal covers 65 billion barrels, but degraded infrastructure means years of investment separate the reserves announcement from actual new supply.
Act now: the ***** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Exxon Mobil didn't make the cut. Grab the names FREE today.
Energy stocks led the market higher Monday morning as two major oil catalysts hit at once. CNBC's Dominic Chu framed the setup on the network's opening segment on Monday: "Oil prices did jump by about 3% on the resumption of those attacks, and that sent energy stocks higher."
#resumed
OXY fully offset Middle East production losses via Permian volumes, while PCG collapsed 19% after California lawmakers blocked wildfire liability reform.
Trump's Venezuela deal covers 65 billion barrels, but degraded infrastructure means years of investment separate the reserves announcement from actual new supply.
Act now: the ***** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Exxon Mobil didn't make the cut. Grab the names FREE today.
Energy stocks led the market higher Monday morning as two major oil catalysts hit at once. CNBC's Dominic Chu framed the setup on the network's opening segment on Monday: "Oil prices did jump by about 3% on the resumption of those attacks, and that sent energy stocks higher."
#resumed
13 days ago
