Chevron is trading at €189.08, up +3.06%, with its gain most consistent with a sector-wide oil rally amid supply fears.
- Reuters reported increased shipping attacks near the Strait of Hormuz, Hurricane Isaias-related Gulf production curtailments, and falling U.S. crude inventories.
- Brent rose 2.28% to $102.28 per barrel in Reuters’ early Thursday report.
- Reuters also reported Chevron began curtailing offshore operations ahead of the storm, but this was not a clear company-specific positive catalyst.