Ecopetrol (EC) shares jumped 7.8% to $15.75 in pre-market trading, a move largely driven by a significant rally in the broader energy sector as crude oil prices surged.
- Oil Price Catalyst: Both Brent and WTI crude futures rose more than 2% early Monday. [15] The spike was attributed to escalating military actions in the Middle East, sparking concerns about potential energy supply disruptions. [14]
- Sector-Wide Momentum: The rise in oil provided a strong tailwind for oil and gas producers, with Ecopetrol participating in the sector-wide rally.
- Recent Context: The stock is building on recent volatility, including a 7.29% gain on May 26, though this morning's move appears directly tied to the fresh geopolitical catalysts impacting oil.