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%.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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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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