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JP Morgan: Underweight Conoco, Overweight Valero & More

Investment pros widely expects Chevron (CVX) and Exxon Mobil (XOM) to be among the companies impacted as crude futures fell to $45.73 in recent trading after the United Arab Emirates’ oil minister said OPEC countries would stand firm on its decision to keep output unchanged. Oil and gas producer Swift Energy (SFY) cut its spending [...]
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