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OXY Occidental Petroleum

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  • 64.990
  • +0.790+1.23%
Close Mar 28 16:00 ET
  • 64.920
  • -0.070-0.11%
Post 19:59 ET
57.61BMarket Cap16.66P/E (TTM)

Occidental Petroleum Stock Forum

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    Crude oil up over 15.5% for 1Q 2024

    The price of crude oil is trading up $1.41 or 1.73% today at $82.77. With 1Q quarter end approaching, the price is up a solid 15.53%. The price at the end of the year closed at $71.65. The gain is the largest since Q3 in 2023 when the price surged 28.52% only to then decline by -21.08% in Q4 2023 in up and down trading. If the pattern continues, we should expect a decline in Q2.
    What might limit the upside in Q2 is the technical resistance currently being teste...
    Crude Oil could soar to $100/barrel before the U.S. Presidential Election due to Russia's production cuts warns JP Morgan
    $Occidental Petroleum(OXY.US)$$Chevron(CVX.US)$
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    Oil Slides Below $86 on Surprising US Stockpile Surge

    Oil prices fall as API reports a 9.3 million barrel surge in US stockpiles, amidst broader market weakness and geopolitical tensions.
    Key Takeaway
    Oil prices fell, with Brent crude below $86 and WTI near $81, after an API report showed a 9.3 million barrel US stockpile increase.
    The potential largest weekly gain in Cushing's crude levels since January 2023 contrasts with an eighth consecutive week of gasoline inventory declines.
    Geopolitical t...
    Oil Slides Below $86 on Surprising US Stockpile Surge
    $Occidental Petroleum(OXY.US)$
    In the near term, crude oil might face demand issue.
    In the long term, crude oil tends to have a supply issue as the top 20 oil fields were mostly discovered in the 90s.
    Investing into oil companies, investors need to pay attention to "carbon capture project" as well.

    Oil Surges on US Stockpile Drop, Fed Rate Cut Hints

    WTI and Brent crude prices rose after a significant US stockpile draw and Fed's signal of upcoming rate cuts, boosting market risk appetite.
    US crude inventories fell for the second consecutive week, with gasoline also seeing a large draw.
    A weaker US dollar following Fed's steady interest rate stance enhanced commodities' appeal, influencing oil price gains. $Occidental Petroleum(OXY.US)$$Chevron(CVX.US)$$Exxon Mobil(XOM.US)$
    2
    API Inventory Moves
    Crude oil -1.519 million  (exp. +77,000)
    Gasoline -1.574 million
    Distillates +512,000
    Cushing +325,000
    SPR +.7 million
    $Occidental Petroleum(OXY.US)$$Chevron(CVX.US)$$Exxon Mobil(XOM.US)$
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    🚨Pointing to the still paltry share of renewable energy in global supply, the head of Saudi Aramco described the current energy transition strategy as a misguided failure on Monday.
    Here are my thoughtsWaddleWaddleWaddle
    Nasser's got a point – whether we like it or not, oil and gas still play a massive role in our world.
    I mean, just look around – everything from cars to plastics relies on them.😂
    Supporters of clean energy are neglecting the effects of this transformation on customers who rely on low-cost, re...
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    Should We Be Worried About Inflation?

    All Eyes on the Upcoming Fed Meeting
    With interest rates and inflation being the main concern for investors these days, all eyes will be on the Federal Reserve's interest rate decision coming this Wednesday.
    Many analysts are calling for a resurgence in inflation. While the Federal Reserve has been standing by their word, saying that inflation is under control and we are on the path towards rate cuts this year.
    If the Fed believes that inflation is no longer...
    Should We Be Worried About Inflation?
    Should We Be Worried About Inflation?
    Should We Be Worried About Inflation?
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    U.S. crude inventories experienced a notable decrease of 1.54 million barrels in the latest week, marking the first decline after six consecutive weeks of inventory builds.
    The trend over the past seven weeks shows fluctuating inventory levels with a significant build-up in mid-February, suggesting variable demand or changes in production levels. $Occidental Petroleum(OXY.US)$$Crude Oil Futures(MAY4)(CLmain.US)$
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