ConocoPhillips rises for six consecutive days, aiming for a record closing high

智通财经2026/08/21 16:56

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According to historical data since 1972, ConocoPhillips is on track to reach a record closing high. Currently, the oil and natural gas company's stock price hovers around $135, up less than 0.1%. This would mark the company's first new closing record since November 2022. Its share price has now risen for six consecutive trading days, with a cumulative gain of 8.6% during this period.On the news front, the strong performance of ConocoPhillips' stock is mainly attributed to its better-than-expected second-quarter earnings report. Driven by rising energy prices and outstanding operational results, the company's adjusted earnings per share surged 122% year-on-year, and production set a new record. In addition, the company reaffirmed its strong shareholder return plan and received price target upgrades and "Buy" ratings from several Wall Street investment banks, including Susquehanna and Morgan Stanley, significantly boosting market confidence.

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According to data released by Intercontinental Exchange (ICE), in the week ending August 18, net long positions held by speculators in the diesel market increased by 1,807 contracts from the previous week, reaching a total of 92,522 contracts. During the same period, net long positions in Brent crude oil among speculators rose by 11,149 contracts, bringing the total to 251,897 contracts. Net long positions in the natural gas sector also grew by 1,807 contracts, with the final total reaching 92,

智通财经•2026/08/21 17:46

The international benchmark Brent crude oil futures price rose by 1% during intraday trading, with the latest quote at $94.75 per barrel.

智通财经•2026/08/21 17:46

Intercontinental Exchange (ICE): As of the week ending August 18, Brent crude oil speculators’ net long positions increased by 11,149 contracts to 251,897 contracts.

智通财经•2026/08/21 17:41

Spot gold has just surpassed the $4,620.00/ounce mark, now quoted at $4,619.20/ounce, up 2.21% for the day; COMEX gold futures main contract is now at $4,677.50/ounce, up 2.32% for the day.

智通财经•2026/08/21 17:31