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Benzinga
Benzinga
Business
Dylan Berman

Occidental Petroleum Shares Are Trading Higher Thursday: What's Going On?

Defense Market Breakthrough

Occidental Petroleum Corporation (NYSE:OXY) shares are trading higher Thursday as prices rise after the U.S. imposed sanctions on two Russian oil companies, Rosneft and Lukoil.

What To Know: According to BBC, the U.S. announced new sanctions targeting Russia's two largest oil producers in an effort to pressure Moscow to negotiate a peace deal in Ukraine.

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