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Market Impact: 0.38
Oil Stock Nears Record High After Price-Target Boost
Source: schaeffersresearch.com
Energy Markets & PricesGeopolitics & WarCompany Fundamentals
Marathon Petroleum shares rose 2% to $403.70 as global oil prices climbed after Saudi Arabia shut a pipeline that bypasses the Strait of Hormuz. The supply-route disruption supports refining-sector sentiment, though it also underscores elevated geopolitical risk in energy markets.
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