🟢 Murphy Oil is trading 4% up today as energy sector rises 1.75%

Murphy Oil is trading at $41.45, up 4.02%, in line with an energy-sector rally.

• On October 16, the sector gained 1.75%, with oil-supply concerns supporting sentiment.
• Reuters reported Thursday’s U.S. crude-stock draw helped lift WTI more than 3%; Ukraine’s strike on a Russian refinery added supply uncertainty. Friday oil prices were steadier, so the sector backdrop is better-supported than a new Murphy Oil-specific catalyst.
• No clear company-specific announcement explaining the move was found.