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Stocks making the biggest moves midday: CVX, OKTA, WBA, SPR – CNBC

Check out the companies that are trending in intraday trading. CHEVRON — Chevron stock fell 3% after the energy giant agreed to buy Hess in an all-stock deal worth his $53 billion, or $171 per share. The acquisition, which will allow Chevron to develop drilling in Guyana, comes about two weeks after Exxon Mobil acquired […]

We Didn’t Mess up Refilling SPR, There’s Still ‘Significant Amount’ in It

On Thursday’s broadcast of Bloomberg’s “Sound On,” Amos Hochstein, the White House’s special presidential coordinator for global infrastructure and energy security, said the Biden administration is not missing an opportunity to replenish energy. strategic oil reserves (SPR) When oil prices went down, they bought oil because they still had “substantial” reserves. asked co-host Joe Mathews. […]

We Have ‘to Hope for a Bigger Downturn Somewhere’ to Lower Gas Prices — SPR Is Drained

On Wednesday’s broadcast of Bloomberg’s Surveillance, co-hosts Jonathan Ferro and Lisa Abramovich said the White House had a clear strategy for dealing with gasoline prices after Saudi Arabia and Russia extended oil cuts. Lacking, said we are heading in that direction. The Strategic Petroleum Reserve (SPR) is “extremely depleted, and it’s unclear what levers can […]

We Can’t Do Anything About Saudi, Russian Oil Cuts Because SPR Is Drained

Phil Flynn, FOX Business contributor and senior account executive in the Price Futures Group, said on Tuesday’s Fox News channel’s “Special Report” that consumers feel higher oil prices as Saudi Arabia and Russia extend production cuts. He said he would, and said: He said there was “nothing we can do” about Saudi Arabia and Russia […]

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