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Oil prices plummeted nearly $10 in one day, Trump: I like it very much! The United States will continue to explore for oil.
On Tuesday, Trump told reporters aboard Air Force One that he really liked the fact that oil prices dropped nearly $10 yesterday. There have been a lot fewer conflicts, so prices have come down. He stated that the U.S. will continue to extract oil, and the energy department has performed excellently. Analysts believe that soaring oil prices will intensify the political pressure Trump faces, especially regarding the high inflation issue.
XOM Vs. CVX Vs. COP: Which Oil Stock Is Wall Street's Best Pick in This Volatile Market?
RBC Capital Maintains Chevron(CVX.US) With Buy Rating, Maintains Target Price $175
Short sellers of Crude Oil Product are betting that the Middle East crisis is just a false alarm, with leveraged short-selling of ETFs drawing in 0.121 billion USD in a month.
According to the compiled data, the 2x short Bloomberg Crude Oil Product ETF - ProShares has shown net inflow of funds on eight out of the past nine Trading days, with a total inflow of 0.121 billion dollars this month.
RBC Capital Reaffirms Their Buy Rating on Chevron (CVX)
Halliburton (HAL) to Launch Closed-Loop Fracturing System With Chevron in Colorado