Oil stocks rally, with Chevron’s leading the Dow’s gainers, as attack on Israel by Hamas sends crude prices surging

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المملكة العربية السعودية أخبار أخبار

المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

Tomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter @TomiKilgore.

Oil stocks got a broad boost Monday, as the attack on Israel by Hamas sent crude oil prices surging. The Energy Select Sector SPDR ETF XLE, +0.60% jumped 2.2% in premarket trading, with all of the components that have traded gaining ground. Chevron Corp.’s stock CVX, -1.02% climbed 2.4%, which was enough to pace the Dow Jones Industrial Average’s DJIA, +0.87% premarket gainers. Among other more-active energy ETF members, shares of Occidental Petroleum Corp. OXY, +3.33% ran up 3.

67% advanced 2.8%, Schlumberger Ltd. SLB, +0.54% and Devon Energy Corp. DVN, +1.98% rallied 3.2%. Meanwhile, crude oil futures hiked up 3.4% to $85.60, following a seven-session stretch in which they shed 11.6%, after closing Sept. 27 at a 13-month high of $93.68. Benchmark analyst Kurt Hallead said he didn’t believe the events in Israel would derail any agreements between the U.S.

 

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المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

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