Chevron Ignoring Broad Market Decline, Rallying With Crude Oil - Chevron (NYSE:CVX)

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Chevron Corporation (NYSE: CVX) shares were trading higher by $1.05 (1 percent) at $105.25 in Wednesday's session. The issue is ignoring the down day in the market and instead following the lead of crude oil, which is up nearly $1.00.The issue, which has come down from its all-time high made in July 2014 at $135.10, cracked the $100 level on January 30, reaching $98.88. After a quick rebound to $112.93 on February 17, it has wallowed in a trading range between $100.66 and $108.78, with a majority of the price action taking place between $103.00 and $106.00.In today's session after a higher open (Tuesday's close of $104.20 vs. Wednesday's open of $104.66), it sustained a brief pullback to $104.33 and began to grind higher. So far, it has surpassed Tuesday's high, reached $105.44 and is treading water near the highs for the session.