Why Shares of Occidental Petroleum Were Up Over 2% Today

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Shares of integrated oil company Occidental Petroleum (NYSE: OXY) were up 2.3% today as of 4 p.m. ET. Oil and energy companies in general were on the rise today as fossil fuel prices stayed strong, while stocks overall struggled for direction. There was no news today to cause Occidental's jump higher, but shares are rallying after pulling back from multiyear highs reached in early June.