Why ConocoPhillips Stock Dropped Today
Oil prices just dropped. ConocoPhillips stock didn't drop nearly as much.
Overview
Oil prices tumbled in Tuesday trading, with Brent crude futures falling 3% and WTI down 3.5% as of 3:15 p.m. ET -- and both flavors of oil suffered even bigger losses earlier in the day.
Curiously, ConocoPhillips (NYSE: COP) stock didn't. This oil major started the day off with only about a 2% decline, and remains down about 2.2%. Why?
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
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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.