Shares Of Big Oil Names Are Getting Hammered On This IEA News

exxon ceo tillerson tbi

The market’s awful open is slamming energy shares disproportionately.

News from the IEA that stocks of oil reserves will be released have weakened crude prices considerably and now shares of big oil names are tumbling.

  • Exxon Mobile down over 2.5%
  • Chevron down 3.25%
  • Conoco Phillips down 2.39%
  • iShares Global Energy Sector ETF down 2.92%

 

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