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OXY - These 9 Oil Producers' Stocks Jumped -- Then Fell -- Tuesday
Occidental Petroleum Corporation
Oil stocks surged hard when trading opened on June 16 on some positive economic news. Consumer retail spending was up 18% in May as many parts of the U.S. opened back up for business. This sparked a surge across the entire stock market, but few sectors saw the boost more than oil producers, with many of the top names surging by double digits in morning trading.
But as the hours passed, that early exuberance softened. Here are how nine of the biggest movers are doing as of 3:49 p.m. EDT: