Shares of oil and gas companies are trading higher as traders anticipate an increase in demand during the summer. Also, strength may be due to better-than-expected Chinese manufacturing activity data.
Portfolio Pulse from Benzinga Newsdesk
Shares of oil and gas companies are trading higher as traders anticipate an increase in demand during the summer, bolstered by better-than-expected Chinese manufacturing activity data.
July 01, 2024 | 5:50 pm
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POSITIVE IMPACT
Arch Resources Inc. shares are trading higher due to anticipated summer demand and strong Chinese manufacturing data.
Arch Resources Inc. is likely to benefit from increased demand for oil and gas during the summer and positive economic signals from China, a major consumer of energy.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Peabody Energy Corporation shares are trading higher due to anticipated summer demand and strong Chinese manufacturing data.
Peabody Energy Corporation is likely to benefit from increased demand for oil and gas during the summer and positive economic signals from China, a major consumer of energy.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
TotalEnergies SE shares are trading higher due to anticipated summer demand and strong Chinese manufacturing data.
TotalEnergies SE is likely to benefit from increased demand for oil and gas during the summer and positive economic signals from China, a major consumer of energy.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80