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Why Energy Stocks Are Crashing Again Today

TheMotleyFool

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Why Energy Stocks Are Crashing Again Today

Stocks cratered when the market opened this morning, with most major indexes having declined by more than 10% by 10:30 a.m. EDT on Monday. That sell-off carried over into the oil market, with the U.S. oil benchmark, WTI, falling more than 7%, crossing below the $30-a-barrel threshold.

That market wash-out sent most stocks tumbling on the day, with several energy stocks plunging more than 10%. Among the notable names were Kinder Morgan (NYSE: KMI), TechnipFMC (NYSE: FTI), Clean Energy Fuels (NASDAQ: CLNE), Oasis Petroleum (NYSE: OAS), and ONEOK (NYSE: OKE).