Occidental Petroleum (OXY) stock rises into the weekend as oil jumps; storm and earnings in focus
Occidental Petroleum shares rose 2.2% to $44.10 Friday as crude prices rebounded, with Brent up 2.8% and WTI up 2.9%. Winter storm Fern and new Iran sanctions fueled supply concerns, prompting some U.S. producers to halt output. Trading volume reached 11.4 million shares. Occidental’s Q4 earnings are due Feb. 18.