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CVX & XOM Surge After OPEC+ Surprise Production Cuts

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lookingforatenbagger
Eternal

Posts: 3,514

OPKO Investment: Long
Sentiment: Neutral
Recommendation: Buy

CVX & XOM Surge After OPEC+ Surprise Production Cuts Apr 3, 2023 14:33:45 GMT

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Post by lookingforatenbagger on Apr 3, 2023 14:33:45 GMT

Chevron (CVX) and Exxon Mobil (XOM) veered higher along with other energy stocks Monday after OPEC+ announced a surprised production cut. U.S. oil prices also jumped to levels not seen since late January. CVX bolted higher Monday.

www.investors.com/news/chevron-energy-stocks-surge-after-opec-surprise-production-cut/

Oddly Russia appears to be the main beneficiary. With their new Chinese oil deal, this is more money for their war machine.

Brandolini's Law: The amount of energy needed to refute bullshit is an order of magnitude bigger than that needed to produce it.

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CVX & XOM Surge After OPEC+ Surprise Production Cuts

Post by lookingforatenbagger on Apr 3, 2023 14:33:45 GMT

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