Why ConocoPhillips Stock Dropped Today
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.
Source Fool.com
ConocoPhillips Stock
€103.22
-0.140%
With 84 Buy predictions and 1 Sell predictions ConocoPhillips is one of the favorites of our community.
As a result the target price of 107 € shows a slightly positive potential of 3.66% compared to the current price of 103.22 € for ConocoPhillips.
