Hit By The Oil Price War And The COVID-19 Outbreak, Is There An Upside In Sight For EOG’s Stock?
- Thursday, March 26, 2020, 7:14
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EOG Resources stock dropped from $55 on March 6 to $37 on March 9 as Saudi Arabia increased oil production despite the ongoing demand slump in the wake of the COVID-19 outbreak – sending benchmark oil prices down by 25% from $45 to $34 per barrel. Though the stock observed a slight uptick…