Energy ETF inflows are boosting Chevron’s market liquidity, offering technical support levels consistent with analysts’ $176 mid-year projection. The catalyst for this week’s rally centers on Russia’s decision to extend its gasoline export ban until year-end 2025 while introducing partial diesel export restrictions. Deputy Prime Minister Alexander Novak announced these measures in direct response to Ukrainian drone attacks targeting Russian refineries, which have reduced the country’s refining capacity and created domestic fuel shortages. Atkin explained that AT&T's Q2 revenue beat was driven by higher-than-expected Wireless equipment revenues. Furthermore, adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) exceeded expectations, thanks to the strength in the company's Wireline business, which offset softer Wireless profits. Technical charts suggest Chevron could retest $175 if crude supply constraints persist, making the stock attractive for short- to mid-term energy sector traders.