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Benzinga
Benzinga
Business
Adam Eckert

Why Chevron And Marathon Petroleum Shares Are Trading Higher Today

Chevron Marathon Petroleum NYSE United States Russia Chevron Corp CVX MPC

Shares of energy and oil companies, including Chevron Corp (NYSE:CVX) and Marathon Petroleum Corp (NYSE:MPC), are trading higher Tuesday amid continued strength in oil prices in the wake of Russia's invasion of Ukraine. 

The United States and its European allies have been discussing banning Russian oil imports over the last week, which has fueled the rise in energy and oil names. President Joe Biden on Tuesday announced the U.S. will be targeting the "main artery of Russia's economy" by banning all imports of Russian oil and energy.

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