Why Are Oil Stocks Down Today?

InvestorPlace2022-07-14

Oil stocks are falling today as oil prices are retreating and remain below $100 per barrel.Among the factors seen as causing the decline are the strong U.S. dollar and weakening demand for oil....

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Comments

  • Frisbee
    2022-07-15
    Frisbee
    ok
  • Cvt
    2022-07-15
    Cvt
    Good
  • QueenBee88
    2022-07-15
    QueenBee88
    👍🏻👍🏻
  • RichyRick
    2022-07-15
    RichyRick
    Good. Oil price too high
  • Tan79
    2022-07-15
    Tan79
    Ok
  • robot1234
    2022-07-15
    robot1234
    Oil settles lower ahead of potential large U.S. rate hike. Oil prices settled lower on Thursday, but pared nearly all losses after falling more than $4 earlier in the session as investors focused on the prospect of a large U.S. rate hike later this month that could stem inflation but at the same time hit oil demand.Brent crude futures for September settled down 0.5% and finished a third session in a row below $100.U.S. West Texas Intermediate crude for August delivery also settled down 0.5%.Both contracts hit lows on Thursday which were below the Feb. 23 close, the day before Russia invaded Ukraine, with Brent reaching its lowest level since Feb. 21.The U.S. Federal Reserve is seen ramping up its battle with 40-year high inflation with a supersized 100 basis-point rate hike this month afte
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