Company of The Day: EOG Resources
WTI crude oil prices have risen from levels of around $93 per barrel on Monday to over $100 per barrel on Wednesday.
China has been easing some Covid-19 restrictions and this could drive oil demand. On the other side, Russia’s war on Ukraine has intensified in recent days and this could put some pressure on the supply side.
Rising oil prices bode well for upstream players such as EOG Resources (NYSE:EOG). EOG stock remains up 37% year-to-date.
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