On June 9, Occidental Petroleum fell 3.17% in regular trading, trading at $56.35/share, with trading volume of $322 million.

On the news front, international crude oil prices declined notably, with WTI crude falling over 1%, pressuring the broader Integrated Oil & Gas sector. Bloomberg Intelligence noted that WTI crude may have topped near $120 per barrel, and uncertainty remains over whether oil prices can hold above $100 amid the 30-year U.S. Treasury yield staying at 5%, with mean reversion potentially becoming the dominant force.

The sector saw broad-based weakness. Among peers, Exxon Mobil fell 1.43%, Chevron fell 0.92%, Shell fell 1.62%, BP fell 2.84%, and Suncor fell 3.32%.

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