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eFinanceMarkets

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eFinanceMarkets

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Thursday, 03/09/2017 2:05:25 PM

Thursday, March 09, 2017 2:05:25 PM

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Oil and gas stocks slammed as U.S. crude slumps below $50/bbl
Energy stocks look to extend yesterday's losses as WTI crude oil breaks below $50/bbl for the first time this year, now -2.3% at $49.11 after tumbling below $49 earlier.
U.S. oil stockpiles have gained ~50M barrels since the start of the year, raising doubts about the effectiveness of OPEC production cuts.
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