SLB Stock Forecast: Up-trends in Oil as COVID relaxes
This SLB Stock Forecast article was written by Joshua Geller – Financial Analyst intern I Know First.
Highlights:
- SLB's stock has grown 150% since mid-November 2020 and 25.66% in the last month alone.
- As the economic demand for raw materials surges coming out of the pandemic, OPEC has announced large increases in petroleum output and will regulate 5.8 million barrels per day as of July, 2021.
- Technical analysis reveals up-trends in the stock's price and a rebound from November 2020's rude oil lows.
