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The oil giant produced an average of 3.2 million barrels per day of liquids (oil and natural gas liquids) during the third quarter. That was the company's highest- liquids output in over 40 years.
West Texas Intermediate crude oil inched up 0.21% to $68.18 a barrel. Brent crude , the international benchmark, increased by 0.17% to $71.95 a barrel. Gold was shed 0.5% hitting $2,604.7 an ounce.
The Magnificent 7 tech cohort led the market higher, with Nvidia at the forefront. The AI chipmaker climbed 4% on Tuesday, while Meta, Tesla, and Microsoft all traded more than 1% higher. The ...
Iran is a major producer of crude, and a strike could upend its exports to China and elsewhere. Concerns about the strength of demand because of China’s flagging economic growth have also hit oil prices. U.S. technology stocks were also holding up better a day after a market-shaking warning from ASML, a Dutch supplier to the chip industry.
Stocks for companies across the chip industry fell after Dutch supplier ASML reported its latest quarterly results. CEO Christophe Fouquet said AI continues to offer strong upside potential, but “other market segments are taking longer to recover,” and ASML’s stock trading in the United States fell 16.3%.
Neha Chamaria (Occidental Petroleum): Occidental Petroleum is among the 15 energy stocks in the Invesco S&P 500 GARP ETF portfolio. With the oil and gas stock losing nearly a quarter of its value ...
Oil traders, Houston, 2009 Nominal price of oil from 1861 to 2020 from Our World in Data. The price of oil, or the oil price, generally refers to the spot price of a barrel (159 litres) of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil ...
Oil futures jumped nearly 3% on Monday after OPEC+ announced it would delay unwinding production cuts by a month and traders digested a new report that said Iran is planning a "strong and complex ...