🟢 Suncor Energy is trading 4.5% up today as oil rises on Gulf supply concerns

Suncor Energy is trading up 4.5% at $71.20, supported chiefly by energy-sector strength as crude prices rise amid supply concerns.

• Reuters reported Brent at $102.28, up 2.28%, early Thursday amid increased attacks on Gulf and Strait of Hormuz shipping, threatened U.S. Gulf production and falling U.S. crude inventories.
• The offshore-asset sale and higher monthly buybacks were previously announced, not new October 8 announcements; evidence points chiefly to oil and sector strength, not a company-specific catalyst.