Chevron up 2 percent at $79.21, as data illustrates that U.S. wholesale inventories rose more than expected and Energy Stock lift U.S. stocks higher on Friday. Chevron Corp trades on the “New York Stock Exchange” under the stock symbol “CVX”. For More information regarding “CVX” or the most Up-to-Date Stock Market Information, make sure to visit the Most Exclusive and In Depth newsletter website at: http://www.wallstreetgrand.com/.
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Energy Stock lifts U.S. stock higher on Friday due to a positive outlook from Chevron Corp (NYS: CVX) giving a boost to the segment while U.S. wholesale inventories maintain bets on improving economy.
Statistics illustrates that U.S. Wholesale Inventories rose more than expected in February and sales at wholesalers reached their highest level in 16 months, awakening first-quarter economics and earnings growth.
ConocoPhillips (NYSE:COP) and Exxon Mobil Corp (NYSE:XOM) both rose more than 1.4 percent.
The S&P energy sector (SNP: ^GSPE), up 1 percent, led the market's advance, with Chevron up 2 percent at $79.21 a day after it said its refining and marketing arm would return to profit in the first quarter, while earnings from oil and gas production would grow.
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