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Transocean and Competitors Hammered by Reeling Crude Prices

May 30, 2023
in Trade Tube
Reading Time: 1 min read
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Shares of Swiss offshore driller Transocean , a member of Real Money’s Stressed Out watch list, were down as much as 8% in afternoon trading Monday. The company was hammered by a slip in crude-oil prices, which fell as analysts have begun to raise concerns that U.S. stockpiles may be greater than some investors expect.

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