Traders Increase Short Interest In Big Oil Stocks

Short sellers have increased their bearish bets on four of six of the biggest oil companies as oil prices came under intense downside pressure after the coronavirus outbreak in China.   Short interest in ExxonMobil, ConocoPhillips, Petrobras, and Occidental Petroleum increased in the period January 1 to 15, while the number of bearish bets on Chevron and BP dropped, 24/7 Wall St reports. In the first half of January 2020, Occidental Petroleum saw the biggest jump in short interest among the six oil stocks that 24/7 Wall St tracks. Short interest…