Why Occidental Petroleum Stock Is Up Today
Shares of Occidental Petroleum (NYSE: OXY) rose on Monday along with oil prices as peace talks between the U.S. and Iran faltered.
Image source: Getty Images.
Oil prices climbed about 5%, following reports that negotiations had broken down due to the ongoing conflict in Lebanon. Iran reportedly said it would renew its efforts to block shipping traffic through the Strait of Hormuz, a key waterway through which about 20% of global crude oil and liquified natural gas (LNG) passes.
Source Fool.com
Occidental Petroleum Corp. Aktie
48,37 €
-0,44 %
Leichtes Buy-Übergewicht bei der Occidental Petroleum Corp. Aktie mit 31 zu 15 Einschätzungen.
Für Occidental Petroleum Corp. ergibt sich ein leicht positives Potenzial, angesichts eines Kursziels von 50 € im Vergleich zu 48.37 €.
