Energy stocks get whacked after OPEC says oil is ‘well supplied’ (CVX, XOM) – Finance

finance
Energy reserves expire after OPEC says oil is “well supplied” (CVX, XOM)

OPEC said on Thursday that it sees that oil is "well supplied" and has lowered its global demand forecast. In the news, Brent crude fell by 3%. Brent crude fell 3% on the news, sending oil stocks such as ExxonMobil and Chevron Corporation plunged more than 3%.

  • Posted on: , Updated:

Mohammed Barkindo
play

Mohammed Barkindo

(AP / Leslie Masoch)

Source link

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More