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Diamondback leads broad losses in energy stocks alongside falling crude prices

businessinsider
Sep 16, 2026 at 05:45 PM

Diamondback Energy led broad losses in energy stocks, plunging 7.7% as crude oil futures fell over 3% ahead of the Federal Reserve's interest rate decision. Other major losers included Occidental Petroleum, EOG Resources, and ConocoPhillips. Global giants like ExxonMobil and Chevron also declined. The drop followed a surge in oil prices due to Middle East supply risks, which then pulled back.

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