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Mark R. Hake, CFA

Chevron Is Moving Higher With Oil's Rise - CVX Stock is Still Cheap

CVX Chevron Oil

Chevron Corp (CVX) has been on the move in the past several weeks as the price of oil has been rising. As of Friday, Sept. 8, it closed at $167.21, up almost $10 from its low of $157.93 on Aug. 24. 

This is also partly because CVX stock is still cheap as well. Moreover, short sellers of its puts are making good income.

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