Crude oil futures slide, halt rally driven by Middle East conflict as supply fears ease
Written by Emily J. Thompson, Senior Investment Analyst
Source: SeekingAlpha
Oil Price Decline: Oil prices fell on Tuesday due to reduced supply concerns linked to the Israel-Iran conflict and insufficient new measures from China, a major oil importer.
WTI Crude Futures Update: West Texas Intermediate (WTI) crude oil futures were notably impacted by these developments in the market.
Analyst Views on XOP
Wall Street analysts forecast XOP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for XOP is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 134.630
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Current: 134.630
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
