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Shares of Oil Companies Are Trading Lower After Rail Companies and Union Negotiators Came to a Tentative Agreement, Averting a Railroad Strike. A Strike Would Have Caused Supply Shortages and Lifted the Price of Oil.

Benzinga · Sep 15, 2022 12:12

PTEN -3.91% HAL -3.63% YPF +2.23% CVE -4.55% DVN -3.58%

Shares of oil companies are trading lower after rail companies and union negotiators came to a tentative agreement, averting a railroad strike. A strike would have caused supply shortages and lifted the price of oil.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

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This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeline for any particular purpose of the above content.

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