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  • 6 weeks ago
Chevron shares rose in premarket trading as renewed Strait of Hormuz disruption headlines and higher crude prices brought energy supply risks back into focus.

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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Chevron stock rose in Wednesday pre-market trading as Strait of Hormuz disruption headlines put
00:08energy supply risk back in focus, according to Benzinga. U.S. Central Command said it carried
00:14out strikes after what it described as Iran's attack on three commercial vessels, calling the
00:19incident a violation of the ceasefire. Crude prices moved sharply higher with WTY up 5.83%
00:26at $74.55 a barrel and Brent up 5.68% at $78.37. Separately, Reuters reported a Chevron
00:36chartered tanker was struck by a drone near Russia's Black Sea coast. Chevron said all crew
00:42members are safe, the vessel remained stable, and operations were not affected. Shares traded up
00:472.01% at $177.50 as investors looked ahead to Chevron's July 31st earnings report.
00:54For all things money, visit Benzinga.com.
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