Chevron stock climbs 2% premarket to $177.50 amid crude spike. Technical setup remains mixed as CVX hovers near its 20-day SMA.

Chevron stock climbs 2% premarket to $177.50 amid crude spike. Technical setup remains mixed as CVX hovers near its 20-day SMA.

Oil prices and energy stocks rise as traders reassess supply disruptions and tensions in the Strait of Hormuz.