Oil tops $85 as Hormuz disruption lifts energy ETFs
U.S. crude rises above $85 a barrel as Strait of Hormuz disruption keeps oil logistics under strain, with USO, XOP and OIH each in the green year to date.
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U.S. crude rises above $85 a barrel as Strait of Hormuz disruption keeps oil logistics under strain, with USO, XOP and OIH each in the green year to date.
Production 2,248 MBOED - Adj EPS $3.24 (est $2.90) - Adj Net $4.0B (est $3.52B) - Cash Flow From Ops 7.4B (est $6.81B) - Sees 3Q Production 2.29M To 2.32M BOE/D (est 2.32M) - Maintains FY Outlook
BP p.l.c. (NYSE: BP ) stock is trading lower on Tuesday after the energy major reported second-quarter results that surpassed Street estimates. Chief Executive Officer Meg O’Neill noted weaker operational performance during the quarter, with upstream plant reliability declining to 92.4% from 95.7% in the first quarter
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