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Occidental Petroleum (OXY) Stock Sinks As Market Gains: What You Should Know
Trump claims he will impose "secondary tariffs" targeting buyers of Venezuelan oil.
① Trump announced that the USA will impose "secondary sanctions" on Venezuela, and any country purchasing oil or Henry Hub Natural Gas from Venezuela will be forced to pay a 25% tariff to the USA; ② The USA is one of the destinations for Venezuela's energy, with Venezuela's Crude Oil Product export volume in 2024 estimated at approximately 0.66 million barrels per day, of which the USA's import volume is around 0.233 million barrels per day.
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Go To The Moon : you think can reach 51.5
Deep Sea OP Go To The Moon : Possible if brent crude hits new high. Oil stock follows the oil price movement.
Deep Sea OP Go To The Moon : Buy oil stock can’t hold long term. It’s more for short term trade. Oil price is volatile.