The oil and gas industry sell-off intensified on Feb. 27, as fears over the global spread of coronavirus accelerated. Crude prices are down another 2% today, adding to a sell-off that's seen both Brent and West Texas futures fall 12% over the past week.
The sharp decline in oil prices is hitting oil stocks even harder. Today, dozens of companies across the oil and gas value chain have seen stock prices fall by double-digits, including a number of well-known and smaller independent oil and gas producers. Here are some of today's biggest losers as of 1:29 p.m. EST, and their losses over the past week.
Data source: Yahoo! Finance.
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Source: Motley Fool
(February 27, 2020 - 2:56 PM EST)
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