BUZZ-Exxon hits record high, energy firms gain tracking crude prices
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Exxon shares reached a record high, surpassing their October 2024 peak, as the S&P 500 Energy index rose 2.2% amid increasing crude prices. Brent crude futures climbed 3% to $65.77/barrel, while U.S. West Texas Intermediate crude increased by 2.9% to $61.28/barrel. The rise in prices is attributed to concerns over potential supply disruptions from Iran, overshadowing the prospect of increased supply from Venezuela. Other energy firms, including Chevron, EOG Resources, and Halliburton, also saw significant gains.
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