Oil stocks face Monday test after crude hits 1-week high on Iran risk, with Big Oil earnings ahead
Brent settled at $65.88 and U.S. WTI at $61.07 on Friday, both up nearly 3% amid renewed U.S.-Iran supply concerns. Exxon Mobil rose 1%, ConocoPhillips 1.5%, while Chevron was flat. A Trafigura-chartered tanker left Venezuela for the U.S. with 1 million barrels under a new supply deal. Baker Hughes reported the U.S. rig count at 544, down 32 from a year ago.