Shares of Fluor (NYSE: FLR) , a construction and infrastructure company focused on the energy sector, were climbing last month as investors bet that the company would benefit from a spike in oil prices, which came as Russia invaded Ukraine and European companies pledged to wean themselves off of Russian oil and gas.
According to data from S&P Global Market Intelligence , the stock finished the month up 32%. As the chart below shows, most of those gains came in the first week of the month as West Texas Intermediate prices rallied from $95 to $123 a barrel.
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Why Fluor Jumped 32% Last Month