CVX - Energy stock performance as oil prices breach $100

Ahead of the US market open Thursday, the most heavily traded April Brent oil contract sits at ~$101, while the less liquid March contract hit $105. European natural gas prices are up ~30% to ~$37, and US Henry Hub natural gas is up ~8% to $4.8. European energy stocks are mixed, Russian names are lower, and US stocks are broadly higher ahead of the open.  In Europe, the world's largest LNG trader Shell (NYSE:SHEL) is up ~3%, while Total (NYSE:TTE) and BP (NYSE:BP) are down ~4%. BP owns a large stake in Russian producer Roseneft (OTCPK:RNFTF), while Total operates a number of big-ticket LNG assets in northern Russia. OMV (OTCPK:OMVKY), the Austrian-based producer, is down ~6% given direct exposure to Nord Stream 2, and upstream production in eastern Europe, namely Romania.  Russian producers Roseneft (OTCPK:RNFTF) and Gazprom (OTCPK:OGZPY) are down ~30%. Western leaders have repeatedly indicated they will not target

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Energy stock performance as oil prices breach $100