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Occidental Petroleum Corp. stock rises Tuesday, outperforms market - MarketWatch

MarketWatch · last updated

Occidental Petroleum Corp. stock rises Tuesday, outperforms market - MarketWatch

Shares of Occidental Petroleum Corp. OXY rallied 1.04% to $61.44 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 0.42% to 4,774.75 and the Dow Jones Industrial Average DJIA rising 0.43% to 37,545.33.

This was the stock's third consecutive day of gains.

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Related Knowledge Center: ENERGY BASICS: petroleum

State of Play

While electric-powered vehicles may be the ride of the future, oil remains at least for now the dominant fuel for transportation around the world. And after a period of time at the end of the 20th century when oil was subject to wide fluctuations in price, new supplies in North America as a result of non-conventional recovery techniques have helped stabilize prices.

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