BUZZ-US oil, gas stocks slide as oil weakens on Mideast deal
Occidental Petroleum Corporation OXY | 0.00 | |
Halliburton Company HAL | 0.00 | |
APA Corporation APA | 0.00 | |
Chevron Corporation CVX | 0.00 | |
PBF Energy PBF | 0.00 |
** U.S. oil and gas companies slump in premarket trading, tracking weaker crude prices O/R
** Brent crude futures LCOc1 fall 4.6% to $83.31 a barrel and U.S. West Texas Intermediate CLc1 down 5.1% to $80.55 by 0816 GMT, hitting their lowest levels since March 10
** Oil prices tumbled more than 3% on Friday
** Exxon Mobil XOM.N, Chevron CVX.N down 2.5% and 2.4%, respectively
** Occidental Petroleum OXY.N, Permian Resources PR.N fall between 3.5% and 3.9%; APA Corp APA.O 4.4% lower
** Oilfield services firms Halliburton HAL.N, SLB SLB.N down 1% each; refiner PBF Energy PBF.N down 3.15%
** European energy stocks .SXEP drop 3.1%