Advertisement
Singapore markets close in 1 hour 18 minutes
  • Straits Times Index

    3,174.94
    -12.72 (-0.40%)
     
  • Nikkei

    37,068.35
    -1,011.35 (-2.66%)
     
  • Hang Seng

    16,235.97
    -149.90 (-0.91%)
     
  • FTSE 100

    7,842.90
    -34.15 (-0.43%)
     
  • Bitcoin USD

    64,444.99
    +3,437.69 (+5.63%)
     
  • CMC Crypto 200

    1,329.26
    +16.64 (+1.27%)
     
  • S&P 500

    5,011.12
    -11.09 (-0.22%)
     
  • Dow

    37,775.38
    +22.07 (+0.06%)
     
  • Nasdaq

    15,601.50
    -81.87 (-0.52%)
     
  • Gold

    2,401.90
    +3.90 (+0.16%)
     
  • Crude Oil

    83.74
    +1.01 (+1.22%)
     
  • 10-Yr Bond

    4.6470
    0.0000 (0.00%)
     
  • FTSE Bursa Malaysia

    1,549.30
    +4.54 (+0.29%)
     
  • Jakarta Composite Index

    7,097.98
    -68.83 (-0.96%)
     
  • PSE Index

    6,443.00
    -80.19 (-1.23%)
     

Why Transocean's Stock Surged 37% in June

Why Transocean's Stock Surged 37% in June

Shares of Transocean (NYSE: RIG) rebounded 37.6% in June, according to data provided by S&P Global Market Intelligence. Fueling the offshore drilling stock's rebound was big news in the oil market last month. Shares of most oil stocks, including Transocean, skyrocketed in early June, with its shares more than doubling at one point after OPEC extended its historic production reduction agreement through the end of July.