Stock Of The Day: Oil Climbs — And Chevron Follows Suit

Oil is traded higher on Friday because of geopolitical tensions, which have also caused some oil stocks to move up.As you can see on the chart below, Chevron Corporation CVX is no exception. This is why our team of expert technical analysts has made it our Stock of the Day.Moves in financial markets are determined by supply and demand. It's basic economics. If the supply and the demand aren't equal, the market will adjust and try to find equilibrium.For example, if there isn't enough supply (sell orders) in ...