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9h agoEnergy Stocks Rally on Russia Sanctions Boost
Energy shares surged after Washington imposed sanctions on Russia’s top oil majors, lifting crude prices nearly 5% to $61 a barrel. ExxonMobil (+3.5%), Chevron (+3%), and Occidental (+2.8%) led gains as investors rotated into the energy sector. Analysts view the move as short-term bullish for U.S. producers amid tightening global supply. Oil prices also benefited from strong U.S. refining margins and renewed OPEC output discipline. The Energy Select SPDR Fund posted its best daily performance in three months.
positive
9h agoEnergy Stocks Rally on Russia Sanctions Boost
Energy shares surged after Washington imposed sanctions on Russia’s top oil majors, lifting crude prices nearly 5% to $61 a barrel. ExxonMobil (+3.5%), Chevron (+3%), and Occidental (+2.8%) led gains as investors rotated into the energy sector. Analysts view the move as short-term bullish for U.S. producers amid tightening global supply. Oil prices also benefited from strong U.S. refining margins and renewed OPEC output discipline. The Energy Select SPDR Fund posted its best daily performance in three months.
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Energy Stocks Rally on Russia Sanctions Boost
about 10 hours ago
1 min read
78 words
Energy stocks rallied after new U.S. sanctions on Russian oil firms lifted crude by 5% to $61/barrel, driving ExxonMobil, Chevron, and Occidental higher.
Energy shares surged after Washington imposed sanctions on Russia’s top oil majors, lifting crude prices nearly 5% to $61 a barrel. ExxonMobil (+3.5%), Chevron (+3%), and Occidental (+2.8%) led gains as investors rotated into the energy sector. Analysts view the move as short-term bullish for U.S. producers amid tightening global supply. Oil prices also benefited from strong U.S. refining margins and renewed OPEC output discipline. The Energy Select SPDR Fund posted its best daily performance in three months.
Energy shares surged after Washington imposed sanctions on Russia’s top oil majors, lifting crude prices nearly 5% to $61 a barrel. ExxonMobil (+3.5%), Chevron (+3%), and Occidental (+2.8%) led gains as investors rotated into the energy sector. Analysts view the move as short-term bullish for U.S. producers amid tightening global supply. Oil prices also benefited from strong U.S. refining margins and renewed OPEC output discipline. The Energy Select SPDR Fund posted its best daily performance in three months.
Companies:
ExxonMobil
Chevron
Occidental
Tags:
Energy
ExxonMobil
Energy
ExxonMobil
Chevron
Occidental
Russia sanctions
Source:
Oct 23, 2025 • 19:11 IST