Oil, Gas Fall on Economic Worries Monday, May 23, 1:32 PM ET
Crude oil futures are falling today as worries about European economies increase concerns for the global economy.
At issue is a decline in Italy’s perceived credit quality as well as continued concerns about Greece’s debt.
Crude oil is trading around $97 a barrel on Monday morning.
The DB Oil Fund (AMEX:
DBO) is trading lower by over 2.5%.
The Energy Select Sector SPDR Fund (AMEX:
XLE), with top stocks like Exxon Mobil (NYSE: XOM), Chevron (NYSE: CVX) and Schlumberger (NYSE: SLB) is trading lower by over 1.1% Monday.
The Dow Jones U.S. Energy Sector Index Fund (AMEX:
IYE), with similar top holdings, is trading down over 1.1%.
The Oil Services HOLDRS (AMEX:
OIH) is trading lower by over 1.5% Monday, on the backs of top holdings Schlumberger, Baker Hughes (NYSE: BHI) and Halliburton (NYSE: HAL).
Nat gas is taking a hit today as well, and the First Trust ISE-Revere Natural Gas Index Fund (AMEX:
FCG) is trading down over 1.5%.
For MarketNewsVideo.com, I’m Kristin Bianco.
Friday Sector Leaders: Defense, Auto Dealerships
Related symbols: ARTX, ATK, PRTS, PAG
Friday Sector Laggards: Computer Peripherals, Precious Metals
Related symbols: TACT, FEYE, REE, NG
Thursday Sector Leaders: Metals Fabrication & Products, Oil & Gas Refining & Marketing Stocks
Related symbols: TAS, MTRN, PBF, YPF
Friday's ETF with Unusual Volume: IBB
Related symbols: IBB, GILD, ARIA, AGIO, NLNK
Friday's ETF Movers: KRE, GDXJ
Related symbols: Friday'sETFMovers:KRE, GDXJ
EEM, IFNA: Big ETF Outflows
Related symbols: EEM, IFNA, MBT, BAP, SPG, PSA
Daily Dividend Report: HRC, TCO, AMT, CVS
Related symbols: HRC, TCO, AMT, CVS
Daily Dividend Report: NMFC, MITT, AE
Related symbols: NMFC, MITT, AE
Dividend Increases: GD, DVN, MLR
Related symbols: GD, DVN, MLR
Weekly Market Wrap: March 7, 2014
Related symbols: GD, TCO, HRC
Weekly Market Wrap: February 28, 2014
Related symbols: M, TOL, TGT
Weekly Market Wrap: February 21, 2014
Related symbols: SIG, ZLC, KO, WMT, DISH
Week Ahead Market Report: March 3, 2014
Related symbols: RSH, BYD, ALG, VLP
Dow Movers: JPM, WMT
Related symbols: JPM, WMT
Week Ahead Market Report: February 24, 2014
Related symbols: FSLR, LB, SPLK, LINTA
All videos » |
Stock market definitions »
Oil, Gas Fall on Economic Worries
| Market News Video | Copyright © 2008 - 2014, All Rights Reserved
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.