Middle East conflict escalates significantly! Goldman Sachs: Oil prices have not yet factored in geopolitical risks.
Oil bears currently hold a record position, and if the Strait of Hormuz is closed, the risk premium for oil prices may arrive, leading to a surge in oil prices. In addition, oil prices are also supported by global easing cycle, inventory growth, and positions and valuations at low levels.
Evercore ISI Adjusts Price Target on Occidental Petroleum to $63 From $67, Maintains Underperform Rating
Weak demand + OPEC supply risks, the analyst has continuously lowered oil price forecasts for five consecutive months.
The analyst has reduced the forecast for oil prices in 2024 for the fifth consecutive month.
Truist Financial Maintains Occidental Petroleum(OXY.US) With Hold Rating, Cuts Target Price to $56
Like Occidental Petroleum? You Should Check Out This Oil Stock.
Express News | Occidental Petroleum Corp : Truist Securities Cuts Target Price to $56 From $65