ConocoPhillips is trading 4.02% up at $135.83 after oil prices reached three-week highs amid concerns that the Iran conflict could disrupt Middle East supply.
- Brent crude rose 2.7% to $94.06, supporting upstream producers and the broader energy sector.
- Strong second-quarter results, increased buybacks, and reaffirmed guidance are reinforcing sentiment.
- The clearest August 20 catalyst is sector-wide oil strength.