XOM Jun 2024 87.500 call
- Bloomberg
Oil Swings as Traders Weigh Inventory Gain, Potential Cease-Fire
(Bloomberg) -- Oil settled little changed after swinging in a narrow range throughout the session, with a buildup in US stockpiles and a potential cease-fire in the Middle East suppressing a rebound from yesterday’s sharp losses.Most Read from BloombergSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineUS and Saudis Near Defense Pact Meant to Reshape Middle EastBiden Calls Ally Japan ‘Xenophobic’ Along With China, RussiaTurkey Halts All Trade With Israel Over War in GazaHuawei Secretl
- Associated Press Finance
Exxon Mobil deal with Pioneer gets FTC nod, but former Pioneer CEO Scott Sheffield barred from board
Exxon Mobil's $60 billion deal to buy Pioneer Natural Resources on Thursday received clearance from the Federal Trade Commission, but the former CEO of Pioneer was barred from joining the new company's board of directors. The FTC said Thursday that Scott Sheffield, who founded Pioneer in 1997, colluded with OPEC and OPEC+ to potentially raise crude oil prices.
- The Telegraph
Oil boss accused of driving up petrol prices by colluding with rivals
A leading US energy executive has been barred from the board of ExxonMobil over allegations he colluded with Opec+ to raise oil prices.
