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Why ExxonMobil, Transocean, and Tellurian Stocks Crashed Today

TheMotleyFool

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Why ExxonMobil, Transocean, and Tellurian Stocks Crashed TodayPhoto, wide shot, wide-angle lens, Coal company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by David Maisel: https://img.midjourneyapi.xyz/temp/2a011bdc-adca-4de9-8457-d868b31178cf.png

Oil and gas stocks that were popping until last week opened Monday on a weak note, with some stocks in particular taking a hard hit. Here's how much some of the notable names had dropped as of 12:20 p.m. ET:

Blame the rout in oil and gas stocks on energy prices that got knocked off today.

As of this writing, price of West Texas Intermediate (WTI) crude -- the U.S. oil benchmark -- was trading down 6.8% while natural gas was trending around 2.9% lower. A confluence of factors is hitting fossil fuels today.

Source Fool.com

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