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Why Valero Energy Stock Triumphed Today

Key PointsThis was a substantial hike, with the pundit cranking his price target almost 61% higher.

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Oil prices rise as Gulf attacks threaten supply recovery

OIL prices rose as renewed attacks in the Middle East threatened to derail a recovery in crude supplies through the Persian Gulf, while the ringgit weakened against the US dollar amid heightened…

  • Oil prices near $95 for WTI and $106 for Brent, up from previous levels
  • Saudi Arabia intercepts missiles and drones from Houthi rebels in Yemen
  • US dollar eases, traders scale back expectations of another US rate hike

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