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Why ConocoPhillips Oil Stock Popped Today
If you don't buy Conoco stock, which oil stock should you buy instead?
Shares of ConocoPhillips (NYSE: COP) dipped on Tuesday after TheFly.com reported multiple bank analysts forecasting lower price targets for the oil major in light of an ongoing trade war and recent declines in oil prices. On Wednesday, however, Conoco stock perked back up, rising a modest 2.3%, and indeed, recovering all of yesterday's losses.
And why?
Because oil prices are going back up.
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