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Energy stocks Slumped in Morning Trading

Tiger Newspress2022-08-15

Energy stocks slumped in morning trading. Occidental, Chevron, BP, Callon and Exxon Mobil fell between 3% and 8%.

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Comment33

  • Shirley Soh
    ·2022-08-16
    Ok
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  • runningjames
    ·2022-08-16
    More to come..... Downtrends ahead
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  • andrew123
    ·2022-08-16
    Like 
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  • hphoa
    ·2022-08-16
    Ok
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  • SPOT_ON
    ·2022-08-16
    Ok
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  • Aeron2020
    ·2022-08-16
    ok
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  • robot1234
    ·2022-08-16
    Oil drops as China data weighs. Oil prices fell by more than $4 a barrel on Monday on demand fears as disappointing Chinese economic data renewed global recession concerns.Brent crude futures ended the day 3.1% lower at $95.10 per barrel.U.S. West Texas Intermediate crude settled 2.9% lower at $89.41 per barrel.Brent crude open interest this month is down by 20% from August last year.“Open interest is still falling, with some market players not interested in touching it because of volatility. The central bank in China, the world’s largest crude importer, cut lending rates to revive demand as data showed the economy slowing unexpectedly in July, with factory and retail activity squeezed by Beijing’s zero-COVID policy and a property crisis.The country’s refinery output slipped to 12.53
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  • Goupppppppp
    ·2022-08-16
    OK
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  • Gabrielle_20
    ·2022-08-15
    👌🏻
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  • Alannjy
    ·2022-08-15
    Like
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  • Carrotski
    ·2022-08-15
    👍
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  • andy1967
    ·2022-08-15
    Yes SG energy stocks also slump this morning. Hope it is only temporary. 
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  • lhkd
    ·2022-08-15
    Oh dear
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  • Edwardtoh
    ·2022-08-15
    Like 
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  • Jenny88888
    ·2022-08-15
    Ok
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  • NPC69
    ·2022-08-15
    K
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  • Susan88888
    ·2022-08-15
    Ok
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  • Zhiwei996
    ·2022-08-15
    Woah
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  • Ah Deck
    ·2022-08-15
    Like pls 
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  • POHHO
    ·2022-08-15
    [What] 
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