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Oxy's Oil Price Bet: Will China Stockpiles and Mideast Tensions Spark a Rally?

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • Occidental Petroleum surged 36% since January on oil price spikes from Iran tensions, outperforming Chevron and the S&P 500.
  • Future rally hinges on China replenishing oil stockpiles and Strait of Hormuz tensions persisting—a binary bet on crude prices.
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BRENT price history

104.61 +64.07% over the displayed period

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