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Oil Prices Rise as Traders Continue to Bet on Market Tightening
0800 GMT - Oil prices rise after closing higher for the third consecutive week on Friday. Brent crude is up 0.7% to $85.59 a barrel, while WTI trades 0.8% higher to $82.17 a barrel. Expectations for a
A Closer Look at Occidental Petroleum's Options Market Dynamics
Investors with a lot of money to spend have taken a bullish stance on Occidental Petroleum (NYSE:OXY).
Occidental Petroleum Corporation (OXY) Is a Trending Stock: Facts to Know Before Betting on It
U.S. Senate Committee Probes Big Oil on Suspected Collusion With OPEC -- Market Talk
0917 GMT - The U.S. Senate budget committee is investigating whether 18 oil producers--including BP, Chevron, Shell, ExxonMobil, Hess, Occidental Petroleum and ConocoPhillips--might be illegally coord
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.
Crude oil product closed unexpectedly high due to price constraints caused by unexpected increase in US oil inventories and worries of supply interruptions in the Middle East.
On Thursday (June 27th), due to increasing geopolitical tensions in the Middle East and Europe, the market is concerned about a possible global crude oil supply disruption. Meanwhile, unexpected increases in crude oil and RBOB gasoline inventories in the US put upward pressure on prices, and crude oil futures rose at the close on Thursday.