Oil prices haven’t proved immune as commodities prices tumble amid jitters about China’s economy, with key global benchmarks trading around six-year lows. That is despite Chinese crude demand remaining remarkably robust, according to WSJ.
Chinese oil data might even be predictable to be pushing up prices. The country’s crude imports jumped 22% in July contrast with a year ago, to 7.25 million barrels a day, according to customs data. That sort of surge might prove unsustainable, but China’s oil imports could still rise by over 7% this year, according to Citi Research.
On Tuesday, Shares of Exxon Mobil Corporation (NYSE:XOM), lost -0.01% to $68.71.
The stock’s 50-day moving average is $79.61 and its 200-day moving average is $84.64. The stock has a market cap of $286.48 billion and a price-to-earnings ratio of 12.23.
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/South America, Europe, Africa, Asia, and Australia/Oceania.
Shares of J. C. Penney Company, Inc. (NYSE:JCP), inclined 0.13% to $7.92, during its last trading session.
J.C. Penney Company and legendary fashion designer Nicole Miller are celebrating a decade of nicole by Nicole Miller® designs with an anniversary collection that pays homage to a brand that appeals to millions of women across the country. The specialty creations, available for a limited time starting Sept. 4 in 600 stores and on jcp.com, will showcase the enduring popularity of nicole by Nicole Miller and spotlight her modern design aesthetic using eclectic prints, bold colors and sophisticated accents that have become synonymous with Nicole Miller`s signature style.
The anniversary collection is inspired by ancient cultural designs and comprises city jackets, pencil skirts, ankle pants, leggings, intarsia sweaters and sheath dresses retailing from $38 to $120. The pieces are adorned with tribal prints and gemstone patterns in jeweled tones of purple, blue and yellow on black. The standout fashion pieces feature leopard prints, black and white combinations and luxury embellishments such as intricate beading and faux fur. The anniversary collection is complete with matching handbags, earrings, necklaces and scarves. Limited edition journals and organizers are also available in Nicole Miller`s signature patterns.
J.C. Penney Company, Inc., through its partner, J. C. Penney Corporation, Inc., sells merchandise through department stores in the United States. The company sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products, and home furnishings, in addition to provides various services, counting styling salon, optical, portrait photography, and custom decorating. As of March 18, 2015, it operated about 1,060 stores.
Finally, LyondellBasell Industries N.V. (NYSE:LYB), ended its last trade with 0.61% gain, and closed at $77.72.
LyondellBasell Industries declared that YPF S.A. and Grupo Inversor Petroquimica S.L. have accepted an offer to purchase LyondellBasell’s Argentina-based, wholly-owned partner Petroken Petroquimica Ensenada S.A. (Petroken). The sale is predictable to close in late 2015 following Brazilian antitrust authority (CADE) approval. The transaction is valued at $145 million on a debt and cash free basis. Based on working capital estimates as of June 30, 2015, predictable cash proceeds are $162 million. Petroken operates a 180-kiloton polypropylene plant in Ensenada and is a leading polypropylene producer in Argentina.
“As part of our long-term growth strategy, we will continue to focus on regions and assets that will have the greatest impact on value-creation for our shareholders,” said Tim Roberts, Executive Vice President, Global Olefins and Polyolefins.
Until closing, Petroken will continue to provide the same level of support, service and high quality products to its customers.
LyondellBasell Industries N.V. operates as a manufacturer of chemicals and polymers, refiner of crude oil, producer of gasoline blending components, and developer and licensor of technologies for production of polymers. The company operates in five segments: Olefins and PolyolefinsAmericas; Olefins and PolyolefinsEurope, Asia, International; Intermediates and Derivatives; Refining; and Technology.
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