Yangtze Securities: Is it still worth allocating PetroChina, Sinopec, and CNOOC in the face of 'Trump trade' or US recession?
Many environmental factors have changed, leading to potential differences in the crude oil industry in Trump's next term compared to the previous one.
Poor economy drags down the market and soaring risk aversion pressures oil prices to plummet.
This week (8.1-8.7), crude oil product overall showed a trend of falling first and then rising. The average price of WTI this week was $74.24 per barrel, a decrease of $2.54 per barrel or -3.31% from the previous week.
ConocoPhillips to Complete Stock Buybacks, Marathon Oil Buy Accretive to Free Cash Flow, RBC Says
Diamondback (FANG) Beats on Q2 Earnings, Ups Production View
Analysts Conflicted on These Energy Names: Sunoco (SUN), Conocophillips (COP) and Suncor Energy (SU)
Marathon Oil Backs Output Guidance as 2Q Profit Grows