With a boost from the fundamentals, the oil giant's shares could push upward and challenge the late September-early October highs in the $46-$47 area.
Fundamentals are supportive overall; perhaps speculative liquidation is causing the fundamental strength in prices to be delayed.
Chevron beats Wall Street's earnings estimates by 10 cents a share.
Exxon Mobil beats earnings estimates by more than 30 cents a share.
Why investors should stay away from PG&E's common stock, according to Jim Cramer.
It's all the Trudeau government's fault, says Rex Murphy.
The U.S. agency expects oil production to top 14 million barrels a day by 2040.
Shares rise as production numbers exceed analysts' forecasts.
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