17.07.2019 20:43:20

ConocoPhillips Stock Upgraded: What You Need to Know

Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope...West Texas Intermediate (WTI) crude oil is selling for just shy of $58 a barrel today, down 15% from a year ago, but up 11% over the past month.Outside U.S. borders, Brent is the favored flavor of crude oil, and it's showing less volatility, but similar dynamics -- down 11% over the past year, but up 6.5% over the past month (and still more expensive than WTI at a per-barrel price of about $65).Continue reading
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