Halliburton depreciates 0.4% with $29.82 as the low of the day

Published: May 27 2023, 06:26 GMT+0

Halliburton depreciates 0.4% with $29.82 as the low of the day

A quick look at yesterday: the world's 2nd largest oil field service company has recovered almost all of its session losses after dipping down to $29.82 yesterday.

Core Durable Goods Orders in United States fell short of market expectations (0%) with a reading of -0.2%, continuing the decline from the previous figure of 0.3%.

Meanwhile, United States Core PCE Price Index (MoM) (Apr) came out at 0.4, while a consensus of analysts was expecting 0.3. United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 193,100, while the previous figure was 191,500.

Halliburton was not the only decliner in the energy sector; Exxon Mobil went down 0.65%, closed at $105.66.

On the other hand, positive performances could be seen by looking at other energy stocks as BP was up 0.54%.

The oil field service company is now trading 18.82% below its 3-month high of $42.97.

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