Crude oil is back above $67 a barrel after suffering through a rough March, and before this oil had not been at this price level in over two years. We saw crude actually come within a dollar of the $70 price level. Recent Middle East tensions have helped push the price higher. The current crude price still pales in comparison to what it was in 2014.
The April 13 short interest data have been compared with the previous figures, and short interest in these selected big oil stocks increased.
Chevron Corp. (NYSE: CVX) saw its short interest increase to 22.93 million shares from the previous reading of 21.92 million. The shares were last seen trading at $121.75, in a 52-week range of $102.55 to $133.88.
Short interest in Exxon Mobil Corp. (NYSE: XOM) increased to 31.74 million shares from the previous 31.25 million. The stock traded at $78.00, within a 52-week range of $72.16 to $89.30.
BP PLC (NYSE: BP) short interest rose to 7.95 million shares from the previous reading of 5.36 million. Shares traded at $43.50, in a 52-week range of $33.90 to $44.81.
The number of ConocoPhillips (NYSE: COP) shares short rose to 24.44 million from the previous level of 23.91 million. Shares were trading at $64.80, within a 52-week range of $42.27 to $67.30.
Short interest at Petroleo Brasileiro S.A. (NYSE: PBR), or Petrobras, increased to 34.35 million shares from the previous 31.85 million. The stock traded at $13.40 a share, in a 52-week range of $7.61 to $14.93. Unfortunately, Petrobras may be trading on an entirely different set of fundamentals and sentiment due to its ongoing woes in Brazil.
Occidental Petroleum Corp.’s (NYSE: OXY) short interest increased to 10.74 million shares from the previous reading of 9.91 million. Shares recently traded at $76.60, in a 52-week range of $57.20 to $78.09.
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
