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Oil Prices Rise as Traders Continue to Bet on Market Tightening
Energy Is the Second Worst Performer Amongst S&P 500 Sectors in Q2; APA, SLB, and HAL Among Losers YTD
ConocoPhillips (COP) Rises As Market Takes a Dip: Key Facts
U.S. Senate Committee Probes Big Oil on Suspected Collusion With OPEC -- Market Talk
US Senate committee investigates oil companies and oil associations conspiring to raise oil prices.
The US Senate Budget Committee is investigating several US oil companies to determine if they illegally coordinated oil prices with oil groups. The oil companies under investigation include Exxon Mobil (XOM.US), Chevron (CVX.US), ConocoPhillips (COP.US), and 14 other companies. Previously, the US Federal Trade Commission (FTC) approved ExxonMobil's $60 billion acquisition of Pioneer Natural Resources (PXD.US), but prohibited Pioneer CEO Scott Sheffield from joining Exxon.
Futu Early Report | The first debate of the 2024 US election is about to begin! Focusing on these four major issues; all eyes on it! The Federal Reserve's favorite inflation indicators will be released tonight.
Bowman reiterated that he is not prepared to cut interest rates until more pronounced inflation recedes; Bank of America: If the yen falls to 164.5, the risk of Japanese authorities intervening in the market will increase; The US Senate committee has launched an investigation into 18 oil producers.