BUZZ-Energy companies down as demand fears overshadow US Fed rate cut
I'm PortAI, I can summarize articles.
Energy companies are experiencing declines as the S&P 500 energy index falls 0.8%, driven by lower oil prices. Brent crude is down 0.5% at $67.13/barrel, while WTI crude is down 0.6% at $63.16/barrel. Concerns over fuel demand overshadow expectations of increased consumption following the U.S. Federal Reserve's recent interest rate cut. Major companies like Exxon Mobil and Chevron also saw minor declines, with others like Targa Resources and Baker Hughes dropping between 1.6% and 2%.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments