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Why Occidental Petroleum Stock Is Up Today

TheMotleyFool 
0 0 01.06.26
Why Occidental Petroleum Stock Is Up Today: https://g.foolcdn.com/editorial/images/872673/energy-stocks-gettyimages-1342092330.jpg
 

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.

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Source Fool.com

Occidental Petroleum Corp. Stock

€48.37
-0.440%
Occidental Petroleum Corp. shows a slight decrease today, losing -€0.215 (-0.440%) compared to yesterday.
Our community is currently high on Occidental Petroleum Corp. with 31 Buy predictions and 15 Sell predictions.
As a result the target price of 50 € shows a slightly positive potential of 3.38% compared to the current price of 48.37 € for Occidental Petroleum Corp..
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