$Occidental Petroleum (OXY.US)$ Crude oil futures fell more than 5% on Tuesday, as Israel is not expected to strike Iran’s oil industry. Israel has told the U.S. that it will limit retaliatory strikes against Iran to military targets and will not hit the Islamic Republic’s oil and nuclear facilities, three senior Biden administration officials told NBC News. Oil prices spiked earlier this month after Iran hit Israel with a ballistic missile attack, raising fears that Israel’s response could lea...
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Report
Deep Sea
OP
:
Oil stocks are dropping back to square one.
Morning Movers Gapping up $Goldman Sachs (GS.US)$stock increased by 3.0% after the investment bank exceeded third-quarter expectations, driven by strong performance in its Global Banking & Markets division which generated quarterly net revenues of $8.55 billion. $Bank of America (BAC.US)$stock advanced 2.2% following earnings that beat expectations, supported by higher investment banking fees, despite a slight year-on-year dr...
Lil Bagholder
:
I called it out 3 hours ago. simple double top formation and indicators have been trending bearish for a few days. this is an all-time high. statistically, a downswing would be expected at this point. now, this is only a retracement. if this price action continues to open, we should see a reversal to around $119.50. i could only be so lucky.
Deep Sea
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Oil prices slid $2 in early Asian trade on Tuesday as OPEC lowered its outlook for global oil demand growth in 2024 and 2025 and a media report that Israel is willing to strike Iranian military and not nuclear or oil targets.
$Occidental Petroleum (OXY.US)$Berkshire Hathaway had been buying almost every quarterly. They own 27.3% of the company. I think should be safe to follow them.
Deep Sea OP : Oil stocks are dropping back to square one.