Shares of energy companies shot up Monday in the wake of the aerial attack on Saudi Arabia’s Abqaiq oil facility. That led to the suspension of about 5% of world oil production, the largest supply disruption ever.
Read: Why the Saudi oil attack is a ‘big deal’ that could be a ‘game changer’ in stock markets and crude prices Early Monday, the SPDR Energy ETF XLE, +2.63% was up 3.4%. Shares of Exxon Mobil XOM, +1.60%, which make up 23% of the ETF, were up 3.1% in early trading, while Chevron CVX, +1.92%, which makes up 21% of the ETF, was up 2.8%.
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