California Resources Corp. (crc) Stock Rises Today As Oil Prices Rally

NEW YORK ( TheStreet) -- Shares of California Resources Corp. rose 6.37% to $6.18 in late afternoon trading Friday as oil prices climbed. Brent crude fell to a five-year low of $58.50 earlier this week, but the benchmark was up 4.99% to $62.23 at 3:52 p.m. WTI Crude was up 4.45% to $56.52. Oil prices have plummeted nearly 50% since the summer amid a global oversupply.

BING NEWS:
  • California Resources Corp (CRC) Gets a Buy from Stifel Nicolaus
    In a report released yesterday, Nathaniel Pendleton from Stifel Nicolaus maintained a Buy rating on California Resources Corp (CRC – ...
    03/25/2024 - 3:05 pm | View Link
  • Buy Rating Affirmed for California Resources Corp on Strong Free Cash Flow Outlook and Reserves Valuation Despite Permitting Challenges
    Mizuho Securities analyst Nitin Kumar CFA has maintained their bullish stance on CRC stock, giving a Buy rating on March 11. Nitin Kumar CFA ...
    03/24/2024 - 2:45 pm | View Link
  • Column: Could the mega-merger of two California oil giants benefit the climate?
    Its passage preceded one of California’s most significant oil and gas acquisitions in recent memory. In February, California Resources Corp. announced its intent ... the company for $2.1 billion worth ...
    03/18/2024 - 1:00 pm | View Link
  • An oil sheen that appeared near Southern California’s Huntington Beach was likely ‘local crude oil,’ Coast Guard says
    The source of an oil sheen spotted in the Southern California waters of Huntington Beach late last week appeared to be “lightly weathered crude oil” and not gasoline or diesel, the US Coast ...
    03/7/2024 - 11:00 am | View Link
  • California Today
    Top news and features from across one of America’s largest and most dynamic states. Top news and features from across one of America’s largest and most dynamic states.
    01/31/2017 - 2:41 am | View Link
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