Diamondback Energy Inc
FANG: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|%# | LOCK|>QfW | LOCK|NWw^^Mm |
Venezuelan Oil Embargo Should Not Materially Affect Global Oil Prices
Major crude oil benchmarks rose slightly on Dec. 17 on news of a US blockade in Venezuela. The US has ramped up pressure following the seizure of an oil tanker a week prior. Both West Texas Intermediate and Brent each fell 5% during the week to lows of $55 per barrel and $59/bbl, respectively.
