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Why Devon Energy Stock Rocketed More Than 30% in February

Why Devon Energy Stock Rocketed More Than 30% in February

Shares of Devon Energy (NYSE: DVN) rallied 30.9% in February, according to data provided by S&P Global Market Intelligence. Several factors fueled the oil stock, including higher oil prices and its fourth-quarter results. WTI, the primary U.S. oil price benchmark, rallied nearly 18%, topping $60 a barrel.