Oil Rips Higher Past $105 a Barrel

The video discusses the recent surge in crude oil prices, driven by geopolitical tensions in Ukraine, and its impact on the stock market. It highlights how higher oil prices are affecting inflation and benefiting certain companies, particularly smaller shale players. Chevron's decision to increase its stock buyback program is examined, along with the potential for further growth in oil stocks despite their current high prices.

Why might companies choose to buy back shares when their stock prices are high?

What discrepancy is noted between the rise in oil prices and the rise in oil stocks?