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Why ConocoPhillips Stock Dropped on Monday


Oil prices dipped in Monday trading, with Brent crude falling 4.7% to about $66 a barrel and WTI crude down nearly 5% to just under $62.

ConocoPhillips (NYSE: COP) stock slipped 2.5% through 10:30 a.m. ET Monday, following the price of oil lower.

Image source: Getty Images.

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Source Fool.com

ConocoPhillips Stock

€108.78
0.740%
ConocoPhillips gained 0.740% compared to yesterday.
The stock is one of the favorites of our community with 78 Buy predictions and 1 Sell predictions.
On the other hand, the target price of 102 € is below the current price of 108.78 € for ConocoPhillips, so the potential is actually -6.23%.
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