Oil Stocks Gained in Morning Trading

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Oil Stocks Gained in Morning Trading

Tiger Newspress2022-08-29

Oil Stocks Gained in Morning Trading.

Exxon Mobil, Chevron, BP, ConocoPhillips, Schlumberger, Halliburton, Occidental and Callon rose between 1% and 4%.

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robot1234
·2022-08-30
Oil settles up more than 4% on prospect of OPEC+ supply cut. Oil prices settled up more than 4% on Monday, extending last week’s gain, as potential OPEC+ output cuts and conflict in Libya helped to offset a strong U.S. dollar and a dire outlook for U.S. growth.Saudi Arabia, top producer in the Organization of the Petroleum Exporting Countries (OPEC), last week raised the possibility of production cuts, which sources said could coincide with a boost in supply from Iran should it clinch a nuclear deal with the West.OPEC+, comprising OPEC, Russia and allied producers, meets to set policy on Sept. 5.Brent crude settled up 4.1%, at $105.09 a barrel, having risen by 4.4% last week. U.S. West Texas Intermediate (WTI) crude gained 4.2%, to$ 97.01, after rallying 2.5% last week.“While a strong
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AricLo
·2022-08-29
Okay
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Den1234
·2022-08-29
ok
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NPC69
·2022-08-29
K
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