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Susquehanna Cuts Price Target on Occidental Petroleum to $58 From $65, Keeps Positive Rating
Occidental Petroleum Corporation (OXY) Is a Trending Stock: Facts to Know Before Betting on It
International oil prices are experiencing significant fluctuations! What new variables might arise in the future?
Under the pressure of President Trump in the USA, international oil prices fell by about 3.5% last week, ending four consecutive weeks of increase.
Trump has demanded OPEC to lower oil prices for the second consecutive day, and Putin stated that he will talk with Trump to discuss Energy issues.
On Friday, USA President Trump once again called for the Organization of the Petroleum Exporting Countries (OPEC) to lower oil prices, hoping to undermine Russia's financial revenue from oil production and help end the Russia-Ukraine conflict. Putin had previously responded that he was ready to meet with Trump to discuss Crude Oil Product prices and Other Energy Sources issues. After a 1% drop on Thursday, oil prices continued to decrease slightly on Friday.
Occidental Petroleum May Hike Its Dividend Next Month - OXY Stock Could Rise 22%
Trump wants to increase production of Shale Oil in the USA, but Wall Street may not let him achieve that.
The market's enthusiasm for increasing Shale Oil production is waning, while economic realities and investor pressures have become actual obstacles. According to forecasts, during Trump's second term, the total Crude Oil Product output in the USA is expected to grow by less than 1.3 million barrels per day, far below the increase of 1.9 million barrels per day during Biden's term.