Hopes for a cease fire in Ukraine and for serious peace talks between Russia and Ukraine took the stock indexes up yesterday and the price of oil and oil stocks down.
News of renewed Russian shelling and that Russian troops were redeploying rather than withdrawing today took the market back down and oil and oil stocks back up today.
Yesterday, March 29, shares of ConocoPhillips (COP) were down 2.71%; shares of Cheniere Energy (LNG) were lower by 1.11%; shares of Equinor (EQNR) fell 1.66%; and shares of Pioneer Natural Resources dropped 0.16%.
Today, ConocoPhillips was up 0.71%; Cheniere was higher by 2.29%; Equinor had gained 5.90%; and Pioneer Natural Resources had picked up 1.78%.
U.S. benchmark West Texas Intermediate crude closed higher today at 3.05% to $107.42 a barrel and International benchmark Brent crude was up 2.90% to $112.55 a barrel.
Other commodity stocks that have moved on news from the war were also ahead today with Aloca (AA) up 2.35% and Nutrien (NTR) higher by 1.20%.
