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Benzinga
Benzinga
Business
Namrata Sen

Occidental Petroleum, Exxon Mobil, Chevron Surge In Monday Pre-Market: What's Going On?

Businessman,Using,Digital,Tablet.,Business,Global,Internet,Connection,Application,Technology

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.

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