|Bid||0.00 x 900|
|Ask||0.00 x 900|
|Day's range||70.82 - 72.22|
|52-week range||67.84 - 82.09|
|Beta (5Y monthly)||0.49|
|PE ratio (TTM)||39.69|
|Earnings date||27 Oct 2023|
|Forward dividend & yield||1.92 (2.67%)|
|Ex-dividend date||20 Oct 2023|
|1y target est||79.47|
Investing.com-- Oil prices rose sharply in Asian trade on Thursday, with U.S. crude futures hitting an over one-year high on continued signs of tighter supply, while positive data from China also aided sentiment.
U.S. stockpiles of crude oil fell last week for a second week in a row while inventories of fuel products gasoline and distillates rose, a government report said Wednesday. The U.S. crude inventory balance fell by 2.169 million barrels during the week ended Sept. 22, according to the Weekly Petroleum Status Report of the U.S. Energy Information Administration, or EIA. Aside from the headline drop in crude stockpiles, the EIA cited a drop of 0.943M barrels last week at the Cushing, Oklahoma hub that serves as a central delivery and storage point for U.S. crude.
Crude prices remained in flat to negative territory on Monday as the dollar hit a 10-month high amid a dearth of buying leads in oil, after last week’s loss triggered by concerns that the Federal Reserve could turn excessively hawkish with U.S. interest rates. News that Russia had tweaked its export ban only weighed further on a listless market, though the change announced by Moscow itself was modest enough not to alter the underlying theme of the ban — which was positive to oil — argued those who were long crude. Russia approved some changes to its fuel export ban, lifting the restrictions for fuel used as bunkering for some vessels and diesel with high sulfur content, Reuters reported, citing a government document.