Vista Oil Gas is trading 5.6% up at $76.54 as traders pile into oil producers following a sharp move higher in crude prices.
- Brent futures have climbed above $94 per barrel amid escalating Middle East conflict and fears of supply disruptions, including a potential closure of the Strait of Hormuz by Iran.
- The surge in crude prices is boosting sentiment across the energy sector, specifically benefiting upstream names like Vista Oil Gas as regional tensions intensify.