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Stock impact report

UPDATE 2-Oil mixed as China economy gloom overshadows plans to ease U.S. coronavirus lockdown [Reuters]

ConocoPhillips (COP) 
Last conocophillips earnings: 4/30 07:00 am Check Earnings Report
Company Research Source: Reuters
Oil mixed as China economy gloom overshadows plans to ease U.S. coronavirus lockdown SINGAPORE/TOKYO (Reuters) - Oil prices were mixed on Friday after the weakest Chinese economic data in decades showed the impact of the coronavirus pandemic, offsetting some earlier gains on optimism for President Donald Trump’s early plans to revive the U.S. economy. Brent was up by 66 cents, or 2.4%, at $28.48 a barrel by 0645 GMT, while U.S. crude CLc1 for May delivery, which expires on April 21, was down 47 cents, or 2.4%, at $19.40 a barrel. The more active June contract was up 74 cents, or 2.9%, at $26.27. China’s economy shrank for the first time since at least 1992 in the first quarter, as the coronavirus outbreak paralysed production and spending and punched a huge hole in global demand for crude and refined products. That data was released after Trump laid out a three-stage process for ending lockdowns to stop the spread of the coronavirus that has now killed more than 32,000 Americans and n Show less Read more
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