Oil Stocks Are Surging, But Will They Go Higher? 2 Things Investors Need to Know About the Current State of the Oil Sector.
Source: Motley Fool
2026-03-03 15:35:00 ET
Crude oil prices are soaring in the aftermath of U.S. and Israeli strikes on Iran. Brent oil, the global benchmark price, is up more than 5% again today, and has risen roughly 15% in the past couple of days.
The surge in crude prices has sent oil stocks soaring. ConocoPhillips (NYSE: COP) has popped nearly 8% in the past few days, while Chevron (NYSE: CVX) closed at a record high on Monday at nearly $190 per share.
Here are two things investors need to know about the current state of the oil sector before buying oil stocks .
ConocoPhillips
NASDAQ: COP
COP Trading
0.69% G/L:
$118.085 Last:
6,602,034 Volume:
$117.54 Open:
COP Latest News
March 09, 2026 03:32:00 am
Oil Prices Have Spiked More Than 25% Since the Iran Conflict Began, Yet Oil Stocks Have Barely Budged. What's Going on in the Oil Market?
COP Stock Data
$132,814,997,510
1,234,853,247
0.03%
1333
N/A
Fossil Fuels
Energy
US
Houston
