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Thursday, March 28, 2024

Oasis Petroleum Sharply Higher

Courtesy of Benzinga.

Oasis Petroleum Inc. (NYSE: OAS) shares are trading higher by $1 (10 percent) at $10.18 in Wednesday’s session. The issue is getting a boost by the sharp rise in Crude Oil prices.

After a higher open, it retreated but found support just above Tuesday’s close ($9.18) and resumed its move higher. It has continued to make new highs for the day, with the current one standing at $10.24.

That puts the issue in a thinly traded area up to $10.58, which was the low from last Thursday, when the issue gapped lower following the Brexit vote.

Posted-In: Technicals Intraday Update Movers Trading Ideas

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