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Why Chevron Stock Dropped Again Monday

TheMotleyFool 
0 0 15.06.26
Why Chevron Stock Dropped Again Monday: https://g.foolcdn.com/editorial/images/874706/three-big-red-arrows-pointing-down-superimposed-on-an-oil-drill.jpg
 

Oil prices crashed again Monday morning, with Brent crude futures falling 5.6% and WTI down 5.9% through 10:50 a.m. ET.

As you'd expect, oil stocks are following oil prices lower, with Chevron Corp (NYSE: CVX) stock down 3.1% -- but here's the thing: A 3.1% drop in Conoco stock is only about half the drop in Brent prices, for example.

So why isn't Chevron stock down even more?

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Source Fool.com

Chevron Corp. Stock

€175.74
-0.200%
Chevron Corp. shows a slight decrease today, losing -€0.360 (-0.200%) compared to yesterday.
The stock is one of the favorites of our community with 46 Buy predictions and 1 Sell predictions.
As a result the target price of 183 € shows a slightly positive potential of 4.13% compared to the current price of 175.74 € for Chevron Corp..
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