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Why ConocoPhillips Stock Dropped Today

TheMotleyFool 
0 0 09.06.26
Why ConocoPhillips Stock Dropped Today: https://g.foolcdn.com/editorial/images/873750/oil-tanker-surging.jpg
 

Oil prices tumbled in Tuesday trading, with Brent crude futures falling 3% and WTI down 3.5% as of 3:15 p.m. ET -- and both flavors of oil suffered even bigger losses earlier in the day.

Curiously, ConocoPhillips (NYSE: COP) stock didn't. This oil major started the day off with only about a 2% decline, and remains down about 2.2%. Why?

Image source: Getty Images.

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Source Fool.com

ConocoPhillips Stock

€115.52
0.380%
The ConocoPhillips stock is trending slightly upwards today, with an increase of €0.44 (0.380%) compared to yesterday's price.
With 87 Buy predictions and 1 Sell predictions ConocoPhillips is one of the favorites of our community.
As a result the target price of 123 € shows a slightly positive potential of 6.48% compared to the current price of 115.52 € for ConocoPhillips.
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