Chevron Corp. (NYSE: CVX), the second-largest oil company in the United States after Exxon Mobil Corp. (NYSE: XOM), sent shockwaves through the market with its announcement of a planned acquisition of Hess Corp. (NYSE: HES) on Monday. However, the market's initial response has been far from enthusiastic.
Direxion Daily S&P Oil & Gas Exp & Prod Bull 2X Shares (ARCA: GUSH) was rising about 0.8% higher on Monday, continuing its rally amid increased geopolitical conflict, which caused International Monetary Fund Managing Director Kristalina Georgieva to
Direxion Daily S&P Oil & Gas Exp & Prod Bull 2X Shares (ARCA: GUSH) was rising about 1.6% higher on Tuesday amid increased geopolitical conflict, which caused Morgan Stanley analyst Daan Struyven to weigh in on how the Israel-Hamas escalation
Occidental Petroleum Corp (NYSE: OXY) shares are trading higher by 4.35% to $64.07 Monday afternoon. Energy stocks have surged Monday amid growing oil supply concerns resulting from the Israel-Hamas conflict.