๐ OXY rips +7% premarket as oil surges on Strait of Hormuz uncertainty
Occidental Petroleum $OXY is jumping roughly 7% in pre-market trading this Monday as crude oil prices shoot higher. Iran said over the weekend that a Hormuz deal is in final stages but won't reopen the strait until the U.S. meets conditions โ and that ambiguity is sending energy bulls out to play. WTI crude is up 1.3% to ~$79.19 and Brent is up 1.4% to ~$84.68. Are you loading up on energy stocks while the Middle East stays hot? Not financial advice.
โก 46 buzzing
512 views
๐ 0 subscribed
