US Stock Market Move | Oil and gas stocks generally rose, Occidental Petroleum Corporation (OXY.US) rose by more than 2%.

22:44 06/03/2026

On Friday, oil and gas stocks rose across the board, with Occidental Petroleum (OXY.US) rising over 2%.

On Friday, oil and gas stocks rose across the board, with Occidental Petroleum Corporation (OXY.US) up more than 2%, ConocoPhillips (COP.US), Exxon Mobil Corporation (XOM.US), and Total (TTE.US) up more than 1%. On the news front, on March 6, the Joint Maritime Information Center (JMIC) released a report stating that shipping in the Strait of Hormuz has almost completely halted. In addition, Qatar has warned that conflicts in the Middle East will force the Gulf region to halt energy exports within weeks. Stimulated by the above news, international oil prices rose during the trading session, with Brent crude oil up 7% to $91.42 per barrel.

Zhejiang Yinlun Machinery's subsidiary Langxin Electric's application for the public issuance of stocks has been approved by the Beijing Stock Exchange.

MOMENTUM FIN (01152) plans to acquire a certain number of shares of PayCools Cayman Limited for $3 million.

Power Construction Corporation of China, Ltd (POWERCHINA) has signed a joint venture contract for a 56.36 billion yuan highway design and construction general contracting project.

Zhejiang Yinlun Machinery's subsidiary Langxin Electric's application for the public issuance of stocks has been approved by the Beijing Stock Exchange.

MOMENTUM FIN (01152) plans to acquire a certain number of shares of PayCools Cayman Limited for $3 million.

Power Construction Corporation of China, Ltd (POWERCHINA) has signed a joint venture contract for a 56.36 billion yuan highway design and construction general contracting project.