Energy Stocks Gained in Morning Trading

Tiger Newspress2022-08-18

Energy stocks gained in morning trading. Occidental, Chevron, BP, Halliburton, Callon and Exxon Mobil rose between 1% and 3%.

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TeckYong
2022-08-19
TeckYong
Good
robot1234
2022-08-19
robot1234
Oil up on robust U.S. fuel consumption, tight supply outlook. Oil prices gained about 4% on Thursday as positive U.S. economic data and robust U.S. fuel consumption offset concerns that slowing economic growth in other countries could undercut demand.Brent futures rose 3.6%, to $97.06 a barrel, while U.S. West Texas Intermediate (WTI) crude rose 3.4%, to $91.11. “Oil prices rallied after another round of impressive U.S. economic data boosted optimism for an improving crude demand outlook,” said Edward Moya, senior market analyst at data and analytics firm OANDA. Moya also noted that OPEC will not allow a recent pullback in oil prices to continue much further.The number of Americans filing new claims for unemployment benefits fell last week and the prior period’s data was revised
Bel8680
2022-08-19
Bel8680
Like
Super8
2022-08-19
Super8
Like it!
Seah CL
2022-08-19
Seah CL
K
SilentWatcher
2022-08-19
SilentWatcher
Wait n see

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Oil prices gained about 4% on Thursday as positive U.S. economic data and robust U.S. fuel consumption offset concerns that slowing economic growth in other countries could undercut demand.Brent futures rose&nbsp;3.6%, to $97.06 a barrel, while U.S. West Texas Intermediate (WTI) crude rose 3.4%, to $91.11.&nbsp;“Oil prices rallied after another round of impressive U.S. economic data boosted optimism for an improving crude demand outlook,” said Edward Moya, senior market analyst at data and analytics firm OANDA. Moya also noted that OPEC will not allow a recent pullback in oil prices to continue much further.The number of Americans filing new claims for unemployment benefits fell last week and the prior period’s data was revised","text":"Oil up on robust U.S. fuel consumption, tight supply outlook. 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