April 21, 2023

Energy Stocks Drop As Oil Prices Fall

Shares of energy companies fell Thursday alongside crude prices, signaling worries about demand amid an economic slowdown.

The S&P 500 energy sector was the worst performing segment of the broad index on Thursday morning, down 1.7%. Almost every component in the energy sector traded in negative territory.

Among individual movers, Exxon Mobil and ConocoPhillips both fell about 2%, while Chevron declined around 1%.

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