ConocoPhillips shares are trading higher as oil gains following a draw in US crude oil inventories.
Portfolio Pulse from Benzinga Newsdesk
ConocoPhillips shares are trading higher due to an increase in oil prices following a draw in US crude oil inventories.
September 27, 2023 | 4:42 pm
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POSITIVE IMPACT
ConocoPhillips shares are trading higher due to an increase in oil prices following a draw in US crude oil inventories.
The draw in US crude oil inventories has led to an increase in oil prices. As ConocoPhillips is a major oil company, this increase in oil prices has a direct positive impact on its shares.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100