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Why ConocoPhillips Stock Soared Today (It Wasn't Just Oil Prices)

·2 min read
Why ConocoPhillips Stock Soared Today (It Wasn't Just Oil Prices)
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ConocoPhillips (NYSE: COP) stock soared today, up 4.8% as of 2:30 p.m. EDT. A bullish analyst rating on a day oil prices inched higher was enough to send ConocoPhillips stock soaring. Energy stocks sank earlier this week when crude oil prices hit the wall after OPEC reached an agreement with allies to increase oil production.