March 11, 2020 - 1:41 PM EDT
Print Email Article Font Down Font Up Charts

Oil Stocks Are Tumbling Again Today

Oil prices continued to swing wildly following Monday's historic plunge. By 11:15 a.m. EDT on Wednesday, WTI, the U.S. oil benchmark, had declined by about 3%, giving up some of yesterday's gains

That renewed slump in oil prices, as well as some company-specific news, is weighing on energy stocks today, with several tumbling more than 10%. Among the notable names experiencing significant declines were Occidental Petroleum (NYSE: OXY)Matador Resources (NYSE: MTDR)Laredo Petroleum (NYSE: LPI)Apache (NYSE: APA), and WPX Energy (NYSE: WPX)

Image source: Getty Images.

Continue reading

Source: Motley Fool (March 11, 2020 - 1:41 PM EDT)

News by QuoteMedia

Legal Notice