
Occidental Petroleum Corp (NYSE:OXY), Exxon Mobil Corp (NYSE:XOM) and Chevron Corp (NYSE:CVX) climbed 1.95%, 1.53% and 1.31% during Monday pre-market trading session after oil prices have skyrocketed to their highest point since January, sparking concerns about potential supply disruptions.
What Happened: The U.S. and Israel’s joint military action against Iran’s nuclear sites has sent shockwaves through the energy markets. This development, announced by President Donald Trump, has led to a surge in oil prices.