Friday, April 24, 2020 7:07:21 AM
LONG LIVE OIL:
The main bullish stimulus of the day was the surge in the price of WTI' which jumped +30% to $18.2 before falling back to $16.5 (+20% approximately), not forgetting the hope of a 'plan' to save the sector promised by Donald Trump.
Texan producers and frackers (those exploiting 'shale oil') have thus soared: Apache +11.5%, Devon +8.5%, Halliburton +8.4%, Schlumberger +7.7%, Marathon Oil +6.8%, Occidental +6.5%, Hess and Nal Oilwell +5.6%, Marathon Petroleum +5.1%, Exxon +3.1%, Chevron +2.8%...
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