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ConocoPhillips Newsroom
Why ExxonMobil, Shell, and ConocoPhillips Stocks Dropped Tuesday
WTI plummeted nearly 5% at one point! Economists warned: Saudi Arabia may increase production to launch a battle for market share.
Previously, there were media reports that individuals familiar with Saudi Arabia's thinking revealed that Saudi Arabia will abandon the $100 per barrel oil price target and strive to resume oil production growth in December this year.
The sharp drop in oil prices has pushed down inflation expectations, with the 'global asset pricing anchor' falling back from its two-and-a-half-month high.
Crude oil futures prices fell sharply by over 5%, while USA 10-year Treasury bond prices saw the largest increase in two weeks.
Crude Futures Sink As Risk Of Supply Disruption Fades -- Market Talk
Express News | Crude oil fell below $70 per barrel for the first time since October 3rd.
IEA: Oil market to be in oversupply by 2025
The latest monthly report from the IEA shows that if OPEC+ maintains production unchanged, the oil market will still be oversupplied by 2025.
IEA Trims Oil-Demand Forecast for Third Consecutive Month -- Update
Express News | Petroleum stocks in the pre-market trading session in the U.S. are generally down, with Chevron, Exxon Mobil, ConocoPhillips, and Occidental Petroleum all falling more than 2%.
Midday crude oil analysis: OPEC lowers forecast for oil demand growth, oil prices may...
In early Asia trade, Brent crude oil futures continued to decline due to OPEC's downward revision of global oil demand growth forecasts.
The significant risks in November are undergoing crucial changes.
Less than a month away from the usa presidential election day on November 5th, the market is starting to price in the risks of the election results. Currently, Trump has regained a leading advantage, adding variables to the election. CICC believes that for subsequent assets, the overall bullishness of the election is favorable for US stocks but tariffs are unfavorable for chinese assets; the US dollar is relatively strong, gold is neutral, interest rates are rising; bulk commodities may benefit from expectations of Trump's stimulus.
Israel suddenly transmitted a heavyweight message: related to attacking Iran, oil prices plummeted in response!
On Tuesday (October 15), in the early Asian market, crude oil futures prices in the USA suddenly plummeted. Earlier reports stated that Israel might avoid attacking Iran's crude oil infrastructure, easing concerns about the tense situation in the Middle East.
Netanyahu says he will not strike Iranian oil or nuclear targets, causing oil prices to plummet!
The Washington Post cited informed officials as saying that Israel is giving up the prospect of bombing Iran's oil and nuclear facilities.
ConocoPhillips Q3 EPS Estimate Trimmed on Weaker Gas Realizations, UBS Says
After eight weeks of selling off, the hedge fund bought back US stocks, achieving the fastest speed since 2021.
The US stock market is currently experiencing active buying and market growth, but the market's high valuation is a concerning issue that may trigger future adjustments.
Oil prices suddenly hit bearish news! OPEC has cut its oil demand outlook for the third time, and the expectation of "oversupply" may become a reality.
OPEC has continuously lowered the global oil demand growth rate forecast for three consecutive months; Iraq has significantly restricted production, approaching but still exceeding quotas.
RBC Capital Maintains ConocoPhillips(COP.US) With Buy Rating, Maintains Target Price $135
Crude Futures Fall As Demand Concerns Weigh -- Market Talk
Viewpoint | Countdown to the election, Trump's trade makes a comeback.
It is not difficult to find from the recent market trends that the trading logic dominated by 'rate cut trade' has quieted down after the first rate cut by the Federal Reserve, while the Trump trade centered around 'tax cuts + easing' is making a comeback.
Barclays Maintains ConocoPhillips(COP.US) With Buy Rating, Maintains Target Price $135
Midday crude oil analysis: The situation in the Middle East continues to escalate, with Iran's crude oil supply facing...
In early trading in Asia, the price of Brent crude oil futures fell, as the market is reassessing the demand for oil.