Chevron stock has gained 1.8% on Tuesday morning, while most of its peers in the Dow Jones reverse course from Monday's gains. CVX stock is up above $148.00 at the time of writing and narrowing the distance between itself and the 200-day Simple Moving Average (SMA) at $149.59.

U.S. consumer prices rose slightly in May as gasoline prices remained subdued, but inflation is likely to pick up in the months as tariffs boost the cost of imported goods.

Oil prices resumed their upward climb and U.S. futures were lower early Tuesday after Israel’s military issued an evacuation warning to 330,000 people in Iran’s capital Tehran.

high implied volatility now creates an opportunity to sell options for premium income.

Investors seem to think Israel and Iran will soon reach a resolution.

Oil futures rose around 1%.