FinancialContent - Chord Energy, Murphy Oil, Genesis Energy, ExxonMobil, and ConocoPhillips Stocks Trade Up, What You Need To Know

Shares of Chord Energy, Murphy Oil, Genesis Energy, ExxonMobil, and ConocoPhillips all traded up after renewed conflict in the Middle East and a larger-than-expected drop in U.S. crude stockpiles fueled concerns about oil supply. Crude oil futures jumped over 6%, with Brent crude exceeding $90 a barrel and WTI climbing past $84. The American Petroleum Institute reported a 3.3 million-barrel decrease in U.S. commercial crude oil inventories, further contributing to the upward pressure on prices.