Devon Energy is trading 4.1% up at $43.95 as investors rotate into the energy sector amid sharply higher crude prices driven by geopolitical tensions.
- Crude oil prices jumped over 4% following renewed U.S.-Iran hostilities near the Strait of Hormuz, sparking significant supply disruption fears.
- The stock is benefiting from broader sector strength rather than company-specific catalysts or earnings news, as major market indices trade lower.