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Stock impact report

Oceaneering International (OII) Moves 5.3% Higher: Will This Strength Last? [Yahoo! Finance]

Oceaneering International, Inc. (OII) 
Last oceaneering international, inc. earnings: 2/24 05:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 7.8% loss over the past four weeks. Oceaneering International's stock advanced yesterday, likely driven by the rising oil prices following geopolitical tensions in Venezuela. The capture of Venezuelan President Nicolás Maduro by U.S. forces raised concerns about the stability of Venezuela's oil supply, despite its vast reserves. Although Venezuela's oil is challenging to export and refine due to infrastructure issues and its discounted price, any disruption in the region's oil output could tighten global supply. Additionally, OPEC+ maintained its output levels, providing further support for oil prices, which likely benefited companies like Oceaneering International involved in oil equipment and services. This oilfield services company is expected to post quarterly earnings of $0.43 per share in its upcoming report, which represents a year-over-year change Show less Read more
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