Energy Stocks Surge Across the Board as Occidental Petroleum Jumps Over 3.6%

Stock News07-29

On Wednesday, energy stocks broadly rallied in the U.S. stock market. As of the time of writing, Occidental Petroleum (NYSE: OXY) surged over 3.6%, Apache Corporation (NASDAQ: APA) rose more than 3.4%, and ConocoPhillips (NYSE: COP) also gained over 3.4%.

On the news front, Brent crude oil futures soared nearly 7%. With major airstrikes resuming in the Middle East, market expectations that the conflict between the U.S., Israel, and Iran would soon end have cooled, driving international oil prices higher and boosting the energy sector's performance.

From a technical perspective, U.S. energy stocks may still have room for further upside. Measured by the S&P 500 Energy Index, the sector's prior sharp rally and subsequent correction have formed a classic "bullish flag" pattern. Analysts believe this pattern typically acts as a continuation phase, and once it breaks out effectively, the subsequent gains could approach the magnitude of the previous "flagpole" stage. Based on the "measured move" calculation, the target for the S&P 500 Energy Index is around 1,207 points, indicating a potential upside of roughly 35% from current levels. However, if the index breaks back below the upper trendline of the flag pattern, it could fall back to near 800 points.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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However, if the index breaks back below the upper trendline of the flag pattern, it could fall back to near 800 points.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Energy Stocks Surge Across the Board as Occidental Petroleum Jumps Over 3.6%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEnergy Stocks Surge Across the Board as Occidental Petroleum Jumps Over 3.6%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036600163\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock News </p>\n<p class=\"h-time\">2026-07-29 22:26</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>On Wednesday, energy stocks broadly rallied in the U.S. stock market. As of the time of writing, <b>Occidental Petroleum</b> (<b>NYSE: OXY</b>) surged over 3.6%, <b>Apache Corporation</b> (<b>NASDAQ: APA</b>) rose more than 3.4%, and <b>ConocoPhillips</b> (<b>NYSE: COP</b>) also gained over 3.4%.<br><br>On the news front, Brent crude oil futures soared nearly 7%. With major airstrikes resuming in the Middle East, market expectations that the conflict between the U.S., Israel, and Iran would soon end have cooled, driving international oil prices higher and boosting the energy sector's performance.<br><br>From a technical perspective, U.S. energy stocks may still have room for further upside. Measured by the S&P 500 Energy Index, the sector's prior sharp rally and subsequent correction have formed a classic \"bullish flag\" pattern. Analysts believe this pattern typically acts as a continuation phase, and once it breaks out effectively, the subsequent gains could approach the magnitude of the previous \"flagpole\" stage. Based on the \"measured move\" calculation, the target for the S&P 500 Energy Index is around 1,207 points, indicating a potential upside of roughly 35% from current levels. However, if the index breaks back below the upper trendline of the flag pattern, it could fall back to near 800 points.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"","article_id":"1160407691","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1160407691","pubTimestamp":1785335202,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"On Wednesday, energy stocks broadly rallied in the U.S. stock market. 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