ConocoPhillips Stock (COP) Outlook: Oil Slumps on Supply-Glut Fears, Analysts See $114–$121 Targets Ahead of Monday’s Open
ConocoPhillips shares closed Friday at $91.54, down 0.28%, with after-hours quotes little changed as U.S. markets shut for the weekend. Oil prices fell over 2% Friday on renewed global supply glut concerns, with Brent settling at $60.64 and WTI at $56.74. Analyst targets for COP remain in the mid-$110s despite crude’s slide. The next move for the stock hinges on oil futures as trading resumes Monday.