PG&E stock is trading higher today. A judge approved the company's settlement with California wildfire victims. The stock gained 12.8% during trade on Tuesday.
California Governor Gavin Newsom rejected PG&E's (PCG) reorganization plan on December 13. The rejection is a huge setback for the company.
Last week, Goldman Sachs increased its target on oil prices, but only for the short term. Its long-term target on oil prices is almost unchanged.