Why ConocoPhillips Stock Dropped Again Monday
Peace in the Middle East could be bad news for oil stocks.
Why ConocoPhillips Stock Dropped Again Monday
Overview
Oil prices crashed again Monday morning, with Brent crude futures falling 5.6% and WTI down 5.9% through 10:40 a.m. ET.
As you'd expect, oil stocks are following oil prices lower, with ConocoPhillips (NYSE: COP) stock down 3.9% -- but here's the thing: A 3.9% drop in Conoco stock is a lot less than a 5.9% drop in Brent prices, for example.
Details
So why isn't Conoco stock down even more?
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
