Why Occidental Petroleum Plunged Today
Shares of Occidental Petroleum (NYSE: OXY) fell on Thursday, down as much as 8.6% at one point this morning, before returning to a 5.8% decline as of 1:30 p.m. EDT.
Oil prices had declined about 10% at that time, to roughly $82 per barrel -- the lowest price since early March, just after the war started.
Oil prices fell after President Trump said that Iran had agreed to the broad outlines of a deal that would reopen the Strait of Hormuz, unlocking the roughly 20% of global oil supply that Iran has restricted since shortly after the beginning of the war.
Source Fool.com
Occidental Petroleum Corp. Aktie
50,61 €
1,12 %
Die Occidental Petroleum Corp. Aktie steht recht gut da: Mehr Buy- als Sell-Einschätzungen in der Community.
Obwohl das Kursziel von 50 € für Occidental Petroleum Corp. niedriger als 50.61 € ist, ergibt sich ein negatives Potenzial von -1.21%.
