Occidental Petroleum Corp.A U.S. strike ordered by President Trump killed a key Iranian military leader in Baghdad, pushing Occidental and other oil stocks higher on expectations that supply could be curtailed amid a wider conflict in the Middle East. Oil prices ended up 3% Friday. The Strait of Hormuz off Iran’s coast is a key passageway for oil leaving the Persian Gulf region. Occidental shares gained 2.4% Friday.

Source: Wall Street Journal January 03, 2020 23:48 UTC