Oil Stocks Rise as Trump Pushes Back on Renewable Energy Policies

Shares of oil companies rose after President Trump dismissed efforts to fight climate change, advocating for countries in Western Europe to pivot back to fossil fuels. Halliburton's stock climbed 8.7% to $24.59, on pace for its largest percent increase since April. Shares of Exxon Mobil and Chevron also rose, up 2.1% and 1.7%, respectively. The moves come after Trump said Tuesday that countries with strong renewable energy policies need to embrace fossil fuels once again to reinvigorate economic growth. "Immigration and the high cost of so-called green, renewable energy is...