Energy Stocks Plummet, Oil Prices Tumble
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Stocks plummeted in afternoon trading as cooling U.S.-Iran tensions led to a drop in oil prices, causing energy stocks to tumble. Companies like Magnolia Oil, EQT, Helmerich and Payne, Green Plains, and Clean Energy Fuels saw a three percent drop. Traders view this as a market overreaction, presenting opportunities to buy solid companies at a discount. Helmerich and Payne, despite a three point two percent drop today, is still up fifteen point eight percent since January. The energy sector remains volatile, so keep an eye on oil news and rebound plays for the next move.
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