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Stock impact report

Nov Inc. (NOV) Surges 6.5%: Is This an Indication of Further Gains? [Yahoo! Finance]

NOV Inc. (NOV) 
Last nov inc. earnings: 4/27 06:45 pm Check Earnings Report
US:NYSE Investor Relations: nov.com
Company Research Source: Yahoo! Finance
This compares to the stock's 1.5% gain over the past four weeks. Shares of NOV surged yesterday, driven by a boost in WTI crude oil prices, which bounced back from intraday lows as global supply concerns stabilized. This recovery followed the dramatic U.S. capture of Venezuelan President Nicolás Maduro over the weekend, adding to a series of prior U.S. actions, including attacks and blockades on Venezuela's oil infrastructure. These moves helped mitigate potential disruptions from Venezuela's massive proven oil reserves, which, despite their heavy, sour grade and steep discounts to WTI, have been hampered by years of underinvestment and sanctions evasion through Russia, Iran, and China. With barriers to U.S. investment easing and OPEC+ committing to steady output through the first quarter, the situation indicated tightening supply and higher energy prices. This sentiment shift provided a positive outlook for NOV, a Houston-based company specializing in oil and gas equipment and serv Show less Read more
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