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Stock impact report

Oil slips as rising U.S. crude inventories offset attacks on UAE energy infrastructure [MSNBC.com]

Occidental Petroleum Corporation (OXY) 
Last occidental petroleum corporation earnings: 2/27 04:13 pm Check Earnings Report
US:NYSE Investor Relations: oxy.com/investors/pages/default.aspx
Company Research Source: MSNBC.com
Oil prices slipped on Wednesday despite escalating attacks on the United Arab Emirates' energy infrastructure, as rising U.S. crude inventories helped offset rising geopolitical risk premiums.Prices ofBrentU.S. oilMarket sources, citing data from the American Petroleum Institute, told Reuters that U.S. crude stocks rose by 6.56 million barrels in the week ended March 13, well above the 380,000 additional barrels expected in aReuters pollThe price pullback came even as fresh strikes in the UAE fueled fears of prolonged supply disruptions amid the Iran conflict. Recent incidents included adrone attackThe UAE reopened its airspace on Tuesday after a temporary shutdown triggered by drone strikes. Meanwhile, operations at the Shah gas field remain suspended following a separate drone attack that caused a fire, authorities said, with no reported injuries.Located roughly 110 miles southwest of Abu Dhabi, the Shah field is operated by Abu Dhabi National Oil Co. and Occidental Petroleum. It ha Show less Read more
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