Shares of energy companies are trading higher following China refinery data. Additionally, a decline in the US dollar and China's cut to medium-term rates are lifting oil prices.
Portfolio Pulse from Benzinga Newsdesk
Energy stocks are trading higher due to positive China refinery data, a decline in the US dollar, and China's cut to medium-term rates, which are lifting oil prices.
June 15, 2023 | 4:08 pm
News sentiment analysis
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POSITIVE IMPACT
APA's stock price is likely to benefit from higher oil prices driven by positive China refinery data and rate cuts.
The positive China refinery data, US dollar decline, and China's rate cut are lifting oil prices, which in turn benefits energy stocks like APA.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
AR's stock price is likely to benefit from higher oil prices driven by positive China refinery data and rate cuts.
The positive China refinery data, US dollar decline, and China's rate cut are lifting oil prices, which in turn benefits energy stocks like AR.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
CEIX's stock price is likely to benefit from higher oil prices driven by positive China refinery data and rate cuts.
The positive China refinery data, US dollar decline, and China's rate cut are lifting oil prices, which in turn benefits energy stocks like CEIX.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
CHK's stock price is likely to benefit from higher oil prices driven by positive China refinery data and rate cuts.
The positive China refinery data, US dollar decline, and China's rate cut are lifting oil prices, which in turn benefits energy stocks like CHK.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
CTRA's stock price is likely to benefit from higher oil prices driven by positive China refinery data and rate cuts.
The positive China refinery data, US dollar decline, and China's rate cut are lifting oil prices, which in turn benefits energy stocks like CTRA.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
CVE's stock price is likely to benefit from higher oil prices driven by positive China refinery data and rate cuts.
The positive China refinery data, US dollar decline, and China's rate cut are lifting oil prices, which in turn benefits energy stocks like CVE.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
EQNR's stock price is likely to benefit from higher oil prices driven by positive China refinery data and rate cuts.
The positive China refinery data, US dollar decline, and China's rate cut are lifting oil prices, which in turn benefits energy stocks like EQNR.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
EQT's stock price is likely to benefit from higher oil prices driven by positive China refinery data and rate cuts.
The positive China refinery data, US dollar decline, and China's rate cut are lifting oil prices, which in turn benefits energy stocks like EQT.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
MRO's stock price is likely to benefit from higher oil prices driven by positive China refinery data and rate cuts.
The positive China refinery data, US dollar decline, and China's rate cut are lifting oil prices, which in turn benefits energy stocks like MRO.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
OVV's stock price is likely to benefit from higher oil prices driven by positive China refinery data and rate cuts.
The positive China refinery data, US dollar decline, and China's rate cut are lifting oil prices, which in turn benefits energy stocks like OVV.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
RRC's stock price is likely to benefit from higher oil prices driven by positive China refinery data and rate cuts.
The positive China refinery data, US dollar decline, and China's rate cut are lifting oil prices, which in turn benefits energy stocks like RRC.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
TPL's stock price is likely to benefit from higher oil prices driven by positive China refinery data and rate cuts.
The positive China refinery data, US dollar decline, and China's rate cut are lifting oil prices, which in turn benefits energy stocks like TPL.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
VET's stock price is likely to benefit from higher oil prices driven by positive China refinery data and rate cuts.
The positive China refinery data, US dollar decline, and China's rate cut are lifting oil prices, which in turn benefits energy stocks like VET.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
YPF's stock price is likely to benefit from higher oil prices driven by positive China refinery data and rate cuts.
The positive China refinery data, US dollar decline, and China's rate cut are lifting oil prices, which in turn benefits energy stocks like YPF.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100