• 627
  • 41
  • 1

Why Are Oil Stocks XOM, OXY, DVN Down Friday?

InvestorPlace2022-09-24

There are three main reasons to answer the question: "Why are oil stocks down today?"Oil is under pressure due to global recession fears and a rising U.S. dollar -- both of which are bad for energy ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment41

  • Rtan11
    ·2022-09-25
    Good news.. i think
    Reply
    Report
  • PearlynCSY
    ·2022-09-25
    Oil prices down 3% with recession fears in focus. Oil prices plunged about 5% to an eight-month low on Friday as the U.S. dollar hit its strongest level in more than two decades and on fears rising interest rates will tip major economies into recession, cutting demand for oil.Brent futures were down $4, or 4.4%, to $86.46 a barrel, while U.S. West Texas Intermediate (WTI) crude fell $4.45, or 5.3%, to $79.10.That puts both benchmarks into technically oversold territory and WTI on track for its lowest close since Jan. 10 and Brent on track for its lowest close since Jan. 13.It was the fourth straight week of declines for both benchmarks, the first time this has happened since December. Both were in technically oversold territory, with WTI on track for its lowest settlement since Jan. 10 and
    Reply
    Report
    Fold Replies
    View more 2 comments
  • Blueskyyy
    ·2022-09-25
    Ok
    Reply
    Report
  • Ghostwalker
    ·2022-09-25
    Good
    Reply
    Report
  • andrew123
    ·2022-09-25
    Great
    Reply
    Report
  • SPOT_ON
    ·2022-09-25
    Sell
    Reply
    Report
  • PC21
    ·2022-09-24
    Oil will be back
    Reply
    Report
    Fold Replies
    • PC21
      just a matter of time
      2022-09-24
      Reply
      Report
  • Thomas9413
    ·2022-09-24
    Great 
    Reply
    Report
    Fold Replies
  • andrew123
    ·2022-09-24
    Omg
    Reply
    Report
  • olddirtbag
    ·2022-09-24
    Comment
    Reply
    Report
    Fold Replies
  • jimmylaw
    ·2022-09-24
    Like
    Reply
    Report
    Fold Replies
    • andrew123
      done.like back
      2022-09-25
      Reply
      Report
    • Thomas9413
      Good
      2022-09-24
      Reply
      Report
  • SteadyDoesIt
    ·2022-09-24
    Those still holding onto such investments might want to consider exiting positions as many hedge funds have left
    Reply
    Report
  • Torres87
    ·2022-09-24
    Ok
    Reply
    Report
  • jannn
    ·2022-09-24
    [smile] 
    Reply
    Report
  • Taishu1234
    ·2022-09-24
    Hi
    Reply
    Report
  • VivianChua
    ·2022-09-24
    👍 
    Reply
    Report
  • hweeeee
    ·2022-09-24
    👍🏽
    Reply
    Report
  • Klinwx
    ·2022-09-24
    Good
    Reply
    Report
  • Thonyaunn
    ·2022-09-24
    Gd
    Reply
    Report
  • J1000
    ·2022-09-24
    K
    Reply
    Report
    Fold Replies
    • J1000
      K
      2022-09-24
      Reply
      Report
 
 
 
 

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial