Reply To: Cautious Investor — Market Weekly

#97816
ThePitBoss
Participant

The energy sector (+2.5%) remains today’s standout, supported by a $3.27 (+3.7%) increase in the price of oil to $91.47 per barrel.

Oil moved to session highs after President Trump said the U.S. would hit Iran with more strikes today.

Devon Energy (DVN 46.89, +2.82, +6.40%) is an outperformer after Evercore ISI upgraded the stock to Outperform with a target of $54. The company also provided an updated FY26 outlook following its merger with Coterra Energy.