I opened my Tiger Brokers app yesterday and noticed a notable surge in Occidental Petroleum (OXY) stock. The stock closed at $42.69, up 3.02% from the previous trading day — a strong move that immediately caught my attention. Occidental (OXY) One likely catalyst behind this rally is the recent rise in global oil prices, perhaps fueled by escalating geopolitical tensions in Ukraine and Iran. Concerns over supply disruptions continue to unsettle markets, driving crude prices higher and providing a tailwind for energy stocks like OXY. Additionally, the latest announcement from OPEC+ regarding a modest production increase of just 411,000 barrels per day in July came in below market expectations. This smaller-than-expected output bump signals that supply constraints may persist, further support
May is Done! How Do You Expect June Movement?
S&P 500 has risen 6.15% this month, marking its best monthly gain of the year. After April’s sell-off and May’s surge, did you make any money? There’s a saying: “Sell in May and go away.” Will you follow it? Interestingly, the market clearly ignored that advice last year. However, June hasn’t historically been a standout month in terms of performance. Historically, the market has NEVER made the top for the year in the month of June. (since 1980) Will you continue to hold or take profits? Will June defy seasonal patterns, or see a temporary cooldown?
+ Follow
+3