Why ConocoPhillips Stock Dropped Again Monday
Oil prices crashed again Monday morning, with Brent crude futures falling 5.6% and WTI down 5.9% through 10:40 a.m. ET.
As you'd expect, oil stocks are following oil prices lower, with ConocoPhillips (NYSE: COP) stock down 3.9% -- but here's the thing: A 3.9% drop in Conoco stock is a lot less than a 5.9% drop in Brent prices, for example.
So why isn't Conoco stock down even more?
Source Fool.com
ConocoPhillips Aktie
104,48 €
1,09 %
Starkes Kaufinteresse bei ConocoPhillips, mit einer großen Anzahl an Buy- und wenigen Sell-Einschätzungen.
Das Kursziel von 108 € für ConocoPhillips weist auf ein leicht positives Potenzial gegenüber dem aktuellen Kurs von 104.48 € hin.
