Chevron stock climbs as oil jumps, but drones and a Jan. 17 deadline keep CVX traders on edge
New York, January 13, 2026, 14:14 EST — Regular session Shares of Chevron Corporation rose roughly 2.2%, reaching $165.95 in Tuesday afternoon trading. Crude prices jumped following unrest in Iran, stoking fears of supply disruptions. Brent surged 2.5% to $65.44 a barrel, while U.S. West Texas Intermediate rose 2.7% to $61.09 by 1:22 p.m. EST. Barclays estimates the geopolitical premium at roughly $3-$4 a barrel. John Evans from PVM Oil Associates noted, “The oil market is building in some price protection against geopolitical drivers.” Meanwhile, Mizuho’s Bob Yawger cautioned that a pullback from Iranian barrels could cut global supply by