Energy stocks are taking a broad beating Thursday, as reports that the U.S. is planning a large release of its crude reserves has sent oil prices sharply lower. The SPDR Energy Select Sector ETF dropped 2.2% in premarket trading, with all of its components seeing activity losing ground. Chevron Corp.'s slumped 1.7% to pace the Dow Jones Industrial Average's premarket decliners, while Dow futures rose 6 points, or 0.1%.
Energy stocks are taking a broad beating Thursday, as reports that the U.S. is planning a large release of its crude reserves has sent oil prices sharply lower. The SPDR Energy Select Sector ETF XLE dropped 2.2% in premarket trading, with all of its components seeing activity losing ground. Chevron Corp.'s CVX slumped 1.7% to pace the Dow Jones Industrial Average's DJIA premarket decliners, while Dow futures YM00 rose 6 points, or 0.1%.
We don't buy btc We earn btc From Mining I'm ready to show 10 lucky people how to earn 1BTC ($47951) and more daily! No referral No withdrawal fees If interested, kindly send a Dm
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks volatile as oil, gold down, Tesla talks stock splitU.S. stocks were mixed early Tuesday morning after finishing higher to start the week.
Source: FoxBusiness - 🏆 458. / 53 Read more »