Why Enterprise Products Stock's Crash Today Makes No Sense
Enterprise Products Partners (NYSE: EPD) stock lost steam on Monday and was trading down 4.4% as of 1 p.m. ET.
Enterprise Products wasn't the only oil and gas stock to crash today, but here's the thing: It shouldn't have crashed at all.
Oil prices plunged Monday morning, with prices of both West Texas Intermediate crude and Brent crude trading more than 5% lower, as of this writing. Oil prices hit two-week lows today and are now significantly below their multi-year March highs.
Source Fool.com
