EOG is trading 4% up now at $134.61 after crude prices climbed above $69 per barrel following an LNG carrier strike near the Strait of Hormuz, boosting energy stocks amid renewed supply concerns.
- Crude oil prices surged as the incident sparked fresh supply fears and added a geopolitical risk premium to the market.
- EOG is significantly outperforming broader U.S. indices as investors rotate into oil producers to hedge against potential supply disruptions.