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Chevron CVX (news,
chart,
quote) - CVX volatility Flat; oil trades above $141
CVX closed at $97.41. Crude oil futures are down 1.64% to $141.28 according to Bloomberg. Deutsche Bank say's "we are raising our 2008 EPS from $9.92 to $12.38, raising the price target from $103 to $125, and maintain Hold rating." CVX over all option implied volatility of 30 is near its 26-week average according to Track Data, suggesting non-directional price risk.
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