Chevron Stock Rises on Venezuela Expansion Plans Amid Rising Oil Prices

Chevron's stock price has risen 2.08% to $206.11, with traders positioning themselves above key moving averages.

The company is nearing final agreements for major energy expansion projects in Venezuela with partners including ONGC, GE Vernova, Eni, and Geopark.

Rising US-Iran tensions have increased oil prices and bolstered energy stock momentum, supporting Chevron's market outlook.

Chevron stock is expected to trade within a range of $201.53 to $210.69 over the next 2-3 sessions, with a high probability of an upward move.