Why Oil Stocks Are Getting Pummeled Today [The Motley Fool]
Seadrill Limited Common Shares (SDRL)
Last seadrill limited common shares earnings: 8/25 04:01 pm
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Source: The Motley Fool
Crude prices continue to fall off a cliff. Matthew DiLallo ( TMFmd19 ) Nov 20, 2018 at 3:42PM What happened The bear-market mauling of crude oil prices continued on Tuesday, with oil falling another 7% on the day, which pushed the U.S. oil benchmark price, WTI, to around $53 per barrel. That sell-off in the oil market weighed on oil stocks, sending most down sharply. Among the biggest decliners were Seadrill ( NYSE:SDRL ) , Weatherford International ( NYSE:WFT ) , Oasis Petroleum ( NYSE:OAS ) , Denbury Resources ( NYSE:DNR ) , and Baytex Energy ( NYSE:BTE ) , which all dropped double digits by midafternoon. So what Crude prices plunged to a new one-year low, driven in part by the broader sell-off in the stock market. One of the issues that has been troubling the market in recent weeks is a potential slowdown in the g
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News
- Seadrill Limited Files its 2023 Annual Report on Form 20-FBusiness Wire
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- Seadrill 2024 Annual General Meeting of ShareholdersBusiness Wire