Trump's Oil Woes Are Investors' Gain as Fuel Demand Boosts Price [Bloomberg Business News]
Schlumberger N.V. (SLB)
Last schlumberger n.v. earnings: 4/17 06:50 am
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Source: Bloomberg Business News
By Kevin Crowley Money managers extended bets on oil before Trump blasted OPEC Gasoline prices are expected to rise more, hurting consumers President Donald Trump started a tug of war with the oil market and lost the first round. Hedge funds extended wagers that oil and gasoline prices will rise days before Trump blasted OPEC on Twitter for making oil prices “artificially Very High.” They were vindicated by a second straight week of gains that threaten to wipe out some of the household savings from Trump’s tax cuts. “Gasoline prices are rising in the U.S. ahead of the summer driving season and he wants someone to blame,” said Phil Flynn, a senior market analyst at Price Futures Group Inc. in Chicago. As Trump tries to push prices down and OPEC pushes them higher, that “creates an opportunity for traders,” he said. Gasoline prices at the pump have climbed on the back of
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News
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- Schlumberger Limited (NYSE: SLB) had its "overweight" rating re-affirmed by analysts at Morgan Stanley. They now have a $65.00 price target on the stock.MarketBeat
- Schlumberger Limited (NYSE: SLB) had its "buy" rating re-affirmed by analysts at Stifel Nicolaus. They now have a $64.00 price target on the stock.MarketBeat
- Schlumberger Limited (NYSE: SLB) had its "positive" rating re-affirmed by analysts at Susquehanna. They now have a $77.00 price target on the stock.MarketBeat
- Schlumberger Limited (NYSE: SLB) had its "buy" rating re-affirmed by analysts at Benchmark Co.. They now have a $68.00 price target on the stock.MarketBeat
SLB
Earnings
- 4/19/24 - Beat
SLB
Sec Filings
- 4/24/24 - Form IRANNOTICE
- 4/24/24 - Form 10-Q
- 4/19/24 - Form 8-K
- SLB's page on the SEC website