Oil rises as Trump plans to ease lockdown [Reuters]
ConocoPhillips (COP)
Last conocophillips earnings: 4/30 07:00 am
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Source: Reuters
Oil rises as Trump plans to ease lockdown LONDON (Reuters) - Oil prices rose on Friday as President Donald Trump laid out plans to ease the U.S. coronavirus lockdown and on reports, later played down, that a drug may potentially help treat COVID-19. Brent rose by 54 cents, or 1.9%, to $28.36 a barrel by 1133 GMT, and U.S. crude for June was up 4 cents, or 0.2%, at $25.57. The less active U.S. crude contract for May tumbled by $1.59, or 8%, to $18.28, attributable to the imminent expiry of the contract, on April 21, and fast-filling crude storage. “As the oversupply is more a topic for right now, the May contract trades at a deep discount to June,” UBS analyst Giovanni Staunovo said. Investors pinned their hopes on plans to ease lockdown measures after Trump laid out new guidelines for U.S. states to emerge from a coronavirus shutdown in a staggered, three-stage approach. “If more of the global economy enacts plans to reopen and restores some sense of normality, that could help oil pri
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COP
Earnings
- 11/6/25 - Beat
COP
Sec Filings
- 12/3/25 - Form 4
- 11/18/25 - Form 4
- 11/18/25 - Form 4
- COP's page on the SEC website