Oil Prices Fall, Weighing on Energy Stocks
Energy stocks fell alongside oil prices Monday, as lower prices threatened to reduce oil companies’ margins.
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09:21:32 PM UTC
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Grades fell on Monday, dealers said, after US President Donald Trump raised doubts about whether he would follow through on a threatened resumption of military strikes against Iran and said a deal with Tehran could happen, easing some supply concerns.Trump in recent weeks had hinted at renewing att…
By Anita HamiltonThe sharp drop in oil prices Monday may be a relief to consumers hoping for lower gas prices, but it wasn't helping energy stocks much. That's because lower oil prices cut into oil companies' margins, which have been particularly fat of late thanks largely to the global supply sque…