Occidental Petroleum Options Spot-On: On November 25th, 76,727 Contracts Were Traded, With 1.3 Million Open Interest
Morgan Stanley Maintains Occidental Petroleum(OXY.US) With Buy Rating, Maintains Target Price $71
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International oil prices fluctuated slightly, traders are waiting for more dynamics to assess the bullish and bearish momentum.
Oil prices stabilized on Monday, following concerns about supply that were escalated by tensions between Russia and Iran.
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jpmorgan: Even if OPEC+ extends production cuts, the oil market will still face a significant supply surplus.
Analysts from jpmorgan, led by Natasha Kaneva, stated in a report that even if OPEC+ extends production cuts, the global oil market will still see a "huge" surplus of 1.3 million barrels per day next year.
Occidental Petroleum Options Spot-On: On November 21st, 82,316 Contracts Were Traded, With 1.28 Million Open Interest
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Occidental CEO Warns US Is at Risk of Losing Energy Independence