Crude oil was trading near $67 a barrel early on Friday. Over the past month, crude has been up and down, reaching as high as about $73 and as low as $66, but the current crude price still pales in comparison to what it was in 2014.
The July 31 short interest data have been compared with the previous figures, and short interest in most of these selected big oil stocks fell.
Chevron Corp. (NYSE: CVX) saw its short interest decrease to 17.94 million shares from the previous reading of 18.41 million. The shares were last seen trading at $122.53, in a 52-week range of $105.30 to $133.88.
Short interest in Exxon Mobil Corp. (NYSE: XOM) decreased to 30.95 million shares from the previous level of 32.22 million. The stock traded at $80.32, within a 52-week range of $72.16 to $89.30.
BP PLC (NYSE: BP) short interest decreased to 4.15 million shares from the previous 5.00 million. Shares traded at $43.53, in a 52-week range of $33.90 to $47.83.
The number of ConocoPhillips (NYSE: COP) shares short dropped to 12.37 million from the previous 16.01 million. Shares were trading at $71.75, within a 52-week range of $42.27 to $73.76.
Short interest at Petroleo Brasileiro S.A. (NYSE: PBR), or Petrobras, decreased to 42.90 million shares from the previous 54.42 million. The stock traded at $11.96 a share, in a 52-week range of $8.41 to $17.20. 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 7.33 million shares from the previous reading of 7.25 million. Shares recently traded at $77.79, in a 52-week range of $58.44 to $87.67.
24/7 Wall St.100 Million Americans Are Missing This Crucial Retirement Tool
The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.
Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.
A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.
Click here to learn how to get a quote in just a few minutes.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
