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 .
Chevron Corporation
NASDAQ: CVX
CVX Trading
-1.33% G/L:
$187.985 Last:
5,469,280 Volume:
$188.63 Open:
CVX Latest News
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