Shares of energy stocks are trading lower despite a rise in crude futures. Stocks across sectors are lower today amid rising Treasury yields.
Portfolio Pulse from Benzinga Newsdesk
Energy stocks are trading lower despite a rise in crude futures. This is happening in the context of a general market downturn due to rising Treasury yields.
October 03, 2023 | 6:08 pm
News sentiment analysis
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NEGATIVE IMPACT
EQNR's stock is trading lower despite a rise in crude futures.
EQNR, being an energy stock, is expected to benefit from a rise in crude futures. However, the general market downturn caused by rising Treasury yields is negatively impacting the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
LPG's stock is trading lower despite a rise in crude futures.
LPG, being an energy stock, is expected to benefit from a rise in crude futures. However, the general market downturn caused by rising Treasury yields is negatively impacting the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
MPC's stock is trading lower despite a rise in crude futures.
MPC, being an energy stock, is expected to benefit from a rise in crude futures. However, the general market downturn caused by rising Treasury yields is negatively impacting the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
PAA's stock is trading lower despite a rise in crude futures.
PAA, being an energy stock, is expected to benefit from a rise in crude futures. However, the general market downturn caused by rising Treasury yields is negatively impacting the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
PBF's stock is trading lower despite a rise in crude futures.
PBF, being an energy stock, is expected to benefit from a rise in crude futures. However, the general market downturn caused by rising Treasury yields is negatively impacting the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
PSX's stock is trading lower despite a rise in crude futures.
PSX, being an energy stock, is expected to benefit from a rise in crude futures. However, the general market downturn caused by rising Treasury yields is negatively impacting the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
VLO's stock is trading lower despite a rise in crude futures.
VLO, being an energy stock, is expected to benefit from a rise in crude futures. However, the general market downturn caused by rising Treasury yields is negatively impacting the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100