Menu
sharewise sharewise
Log in
Sign up
Log in
Sign up
sharewise is moving On the weekend of 22/23 August the new sharewise becomes the main site. Have a look now and tell us what you miss. Go to the new sharewise What changes
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Occidental Petroleum Plunged Today

TheMotleyFool 
0 0 17.04.26
Why Occidental Petroleum Plunged TodayPhoto, wide shot, wide-angle lens, Gas company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://img.theapi.app/temp/01083d82-021d-4573-8c40-0e836a0771d6.png
 

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.

Continue reading


Source Fool.com

Occidental Petroleum Corp. Stock

€50.45
0.700%
Occidental Petroleum Corp. gained 0.700% compared to yesterday.
Our community is currently high on Occidental Petroleum Corp. with 32 Buy predictions and 15 Sell predictions.
However, we have a potential of -0.89% for Occidental Petroleum Corp. as the target price of 50 € is below the current price of 50.45 €.
Show more
Like: 0
OXY
Share

Comments

Not a member yet? Sign up for free!