US Stock Movers: Oil Stocks Rally Broadly, BP Jumps Over 3%

Stock News10-08 21:52

On Thursday, oil stocks rallied broadly, with BP p.l.c. (NYSE: BP) climbing more than 3%, while Petroleo Brasileiro SA (NYSE: PBR), Occidental Petroleum Corp (NYSE: OXY), ConocoPhillips (NYSE: COP), Exxon Mobil Corp (NYSE: XOM), and Chevron Corp (NYSE: CVX) all gained over 2%.

International crude oil prices continued to rise, with WTI crude oil surging as much as 5% intraday to $92.72 per barrel.

On the news front, on the 8th local time, Saudi Arabia once again launched airstrikes on a communications network facility in Sanaa Province, Hodeidah Airport in Hodeidah Province, and targets in Ibb Province. Earlier on the 8th, Yemen's Houthi armed group claimed it had once again struck King Khalid International Airport in Riyadh, the capital of Saudi Arabia, and launched attacks on Yemeni government forces near the Bab-el-Mandeb Strait. Houthi military spokesman Yahya Saree stated in a social media announcement that day that a ballistic missile "precisely hit" King Khalid International Airport, affecting flight operations at the airport.

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