The earnings for most of the oil companies are highly correlated with crude oil prices, which impact their upstream operations. Currently, oil is on a strong rally with the WTI crude oil price recently touching the $70 mark, reflecting the highest level since November 2014....
The earnings for most of the oil companies are highly correlated with crude oil prices, which impact their upstream operations. Currently, oil is on a strong rally with the WTI crude oil price recently touching the $70 mark, reflecting the highest level since November 2014....
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