News Snapshot:
Oil field services and equipment firm Baker Hughes (BKR) topped first-quarter earnings and revenue targets Wednesday, after painting a rosy picture for the oil market at the end of 2022. Baker Hughes stock advanced early Wednesday morning, even with crude futures sliding. X Going into 2023, Baker Hughes; SLB (SLB), formerly known as Schlumberger; and Halliburton (HAL) all projected strong oil demand and tight supplies for the foreseeable future. Each oilfield services leader also pointed to myriad international growth opportunities, especially in the Middle East. U.S. crude oil futures dropped 2% Wednesday to around $79 per barrel. Earlier in April,...
