Shares of several oil and gas companies are trading higher amid a rise in the price of crude. Strength is due to potential demand and growing tension in the Middle East.
Portfolio Pulse from Benzinga Newsdesk
Shares of several oil and gas companies are trading higher due to a rise in crude prices, driven by potential demand and growing tension in the Middle East.
June 24, 2024 | 4:51 pm
News sentiment analysis
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POSITIVE IMPACT
APA shares are trading higher due to the rise in crude prices, driven by potential demand and Middle East tensions.
APA, being an oil and gas company, benefits directly from higher crude prices, which can lead to increased revenues and profitability.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
BKR shares are trading higher due to the rise in crude prices, driven by potential demand and Middle East tensions.
BKR, as an oilfield services company, benefits from higher crude prices, which can lead to increased demand for its services.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
OXY shares are trading higher due to the rise in crude prices, driven by potential demand and Middle East tensions.
OXY, being an oil and gas company, benefits directly from higher crude prices, which can lead to increased revenues and profitability.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
SLB shares are trading higher due to the rise in crude prices, driven by potential demand and Middle East tensions.
SLB, as an oilfield services company, benefits from higher crude prices, which can lead to increased demand for its services.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
XOM shares are trading higher due to the rise in crude prices, driven by potential demand and Middle East tensions.
XOM, being one of the largest oil and gas companies, benefits directly from higher crude prices, which can lead to increased revenues and profitability.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80