Why Occidental Petroleum Stock Is Up Today
Shares of Occidental Petroleum (NYSE: OXY) rose on Monday along with oil prices as peace talks between the U.S. and Iran faltered.
Image source: Getty Images.
Oil prices climbed about 5%, following reports that negotiations had broken down due to the ongoing conflict in Lebanon. Iran reportedly said it would renew its efforts to block shipping traffic through the Strait of Hormuz, a key waterway through which about 20% of global crude oil and liquified natural gas (LNG) passes.
Source Fool.com
Occidental Petroleum Corp. Stock
€47.47
1.220%
Currently there is a rather positive sentiment for Occidental Petroleum Corp. with 29 Buy predictions and 15 Sell predictions.
On the other hand, the target price of 47 € is below the current price of 47.47 € for Occidental Petroleum Corp., so the potential is actually -0.99%.
