Chevron stock price ticks up as report flags $1 billion-plus Singapore asset sale talks
Chevron shares closed up 0.8% at $166.73 as the company neared a deal to sell its Singapore refining and fuel assets to Eneos and Glencore for over $1 billion, Reuters reported. Barclays raised its price target to $166, while JPMorgan set a $176 target with an Overweight rating. Crude prices rose on supply disruptions, with Brent at $65.24 a barrel. The IEA forecast a global oil surplus in Q1.