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
48,17 €
-0,99 %
Leichtes Buy-Übergewicht bei Occidental Petroleum Corp. mit 31 Buy- gegenüber 15 Sell-Einschätzungen.
Das Kursziel von 50 € für Occidental Petroleum Corp. impliziert eine leichte Steigerung gegenüber dem aktuellen Kurs von 48.17 €.
