Why ConocoPhillips Stock Saw Strong Gains Last Week

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Why ConocoPhillips Stock Saw Strong Gains Last Week

In the week ending May 11, crude oil (USO) prices increased from $69.72 per barrel to $70.70 per barrel, an increase of more than 1%. Crude oil prices saw a generally rising trend within the week, and they rose strongly on Monday and Wednesday. On Tuesday, crude oil prices were trading down sharply below Monday’s low. However, as the day progressed, they reversed most of the intra-day losses.

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