Occidental Petroleum shares are trading higher as oil gains following a draw in US crude oil inventories.
Portfolio Pulse from Benzinga Newsdesk
Shares of Occidental Petroleum are trading higher due to an increase in oil prices following a draw in US crude oil inventories.
September 27, 2023 | 4:31 pm
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Occidental Petroleum's stock is trading higher due to an increase in oil prices following a draw in US crude oil inventories.
Occidental Petroleum, being an oil and gas company, is directly affected by changes in oil prices. The draw in US crude oil inventories has led to an increase in oil prices, which in turn has a positive impact on Occidental Petroleum's stock price.
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IMPORTANCE 80
RELEVANCE 100