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June 07, 2023
Oracle retained a record high value of $107.49, then dropped 39 cents and closed at yesterday. This comes following 's session in which it closed at $106.93.
This uncertain state for Oracle is reflected by published market data as United States API Weekly Crude Oil Stock released yesterday at 20:30 UTC with a figure of -1.71 million, while the previous figure was 5.20 million.
Meanwhile, mixed performances were seen by other technology stocks as Intel was up 3.68%. AMD traded at $124.23 after closing yesterday's trading day at $117.93 (up 5.34%). Qualcomm traded at $116.36 after closing yesterday's trading day at $112.73 (up 3.22%).
Data to be released today might clear up some of the market fog as United States Crude Oil Inventories expected to decline to 1.15 million while its preceding data was 4.49 million, data will be available today at 14:30 UTC. Projections for United States Initial Jobless Claims are set for a continuation of decline with 238,000 while previous data was 232,000; data will be released tomorrow at 12:30 UTC.
The stock has been trending positively for about 2 months. The enterprise IT company now trading 19.38% above its 3-month low of $61.07.
