Some of the Biggest Oil Stocks Are Crashing With Crude Prices Today
In a brutal day for investors in just about every asset class, oil stocks are taking it on the chin especially hard. Crude oil prices are down more than 5% following a significant build in commercial crude oil in storage in the U.S., a worrying sign that oil producers are set to face more pressure if the recent surge in COVID-19 cases around the world impacts economic activity and thus oil demand.
As of 2:57 p.m. EDT, companies across the range of oil and gas operations were down sharply:
Prices as of 3:08 PM EDT
Source Fool.com
