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Occidental Petroleum stock price jumps in premarket as oil surges — what traders watch next
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Occidental Petroleum stock price jumps in premarket as oil surges — what traders watch next
Occidental Petroleum shares rose 6.4% to $56.50 in premarket trading Monday as crude prices spiked after attacks disrupted shipping through the Strait of Hormuz. Brent crude climbed 8% to $78.87 a barrel. Berkshire Hathaway reported a $4.5 billion writedown on its 26.9% Occidental stake but said it would not sell. Investors are watching a March 4 early tender deadline in Occidental’s $700 million cash tender offer for select notes. The post Occi…
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