11/21

Oil States International Rises 2.61% Amid Crude Price Surge from Geopolitical Tensions

Oil States International, Inc. (OIS) shares are up 2.61% to $5.50 as of 12:16 pm on Thursday, following a rise in crude oil prices amid escalating geopolitical tensions. The ongoing conflict between Russia and Ukraine has intensified, with Ukraine launching British cruise missiles into Russia and Russia responding with intercontinental ballistic missiles. This escalation has raised concerns about potential disruptions to Russian energy infrastructure, which could impact global oil supply. Additionally, China's announcement of measures to boost foreign trade and an expected increase in crude oil imports to 11.4 million barrels per day this month have contributed to the upward pressure on oil prices.