Phillips 66

NYMEX gasoline futures surged 6% Thursday as Middle East tensions threaten supply, with AAA reporting a 27-cent weekly jump at the pump to a $3.25 national average.

U.S. retail gasoline prices climbed sharply as Middle East tensions disrupted oil shipments through the Strait of Hormuz, lifting fuel stocks and prompting major banks to raise crude price forecasts.

U.S. gasoline prices surged above $3 per gallon Tuesday, driven by a sharp rally in crude oil due to escalating Middle East tensions. Refiner stocks advanced as fuel margins expanded.

U.S. gasoline futures held a significant weekly gain near $2.01 a gallon, supported by a substantial inventory draw and rising demand. The national average pump price sits at $2.92, with refiners Valero and Phillips 66 seeing share gains.

Energy markets prepare for a volatile week with potential supply increases from Venezuela and OPEC+ discussions, while delayed U.S. inventory data adds uncertainty. Major oil shares showed mixed performance.

ConocoPhillips shares climbed 4.2% to $118.24, leading U.S. oil majors higher after Brent crude surged 6.7% to $77.74 a barrel due to Middle East supply disruptions. The U.S. government is expected to announce measures Tuesday to address the price shock.

ConocoPhillips shares climbed 4.2% to $118.24, leading U.S. energy stocks higher as Brent crude oil prices surged 6.7% to $77.74 per barrel amid escalating Middle East tensions and supply disruptions.

ConocoPhillips shares climbed alongside a sharp rise in oil prices after military actions in the Middle East disrupted supply. Market focus shifts to tanker flows through the Strait of Hormuz and upcoming U.S. inventory data.

ConocoPhillips shares advanced alongside a sharp rally in oil prices following military strikes in the Middle East that disrupted supply routes. Market focus shifts to tanker movements through the Strait of Hormuz.