ConocoPhillips stock jumps 4% on oil’s Iran-driven swing — what COP traders watch next
ConocoPhillips shares jumped 4.02% to $100.34 at Wednesday’s close, outpacing a broader market decline. Oil prices rose early but reversed after President Trump’s comments on Iran and a bearish U.S. inventory report. WTI crude settled at $62.02 a barrel, then slid further in Asian trading. Markets await Conoco’s Feb. 5 earnings and 2026 guidance.