Why Chevron, Exxon and energy stocks are climbing today?

Energy stocks, ExxonMobil and Chevron rose after oil prices jumped more than 2% on Wednesday. This happened as President Trump ordered a full blockade of sanctioned oil tankers entering Venezuela, tightening supply fears. Brent crude climbed above $60 per barrel, lifting shares of Exxon, Chevron, ConocoPhillips, Occidental, Baker Hughes, and SLB.
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