Shares of energy stocks are trading lower as oil prices fall.
Portfolio Pulse from Benzinga Newsdesk
Energy stocks are trading lower due to falling oil prices.
October 04, 2023 | 2:36 pm
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NEGATIVE IMPACT
Canadian Natural Resources Limited's stock is expected to trade lower due to falling oil prices.
As a major player in the energy sector, CNQ's stock price is directly influenced by oil prices. With oil prices falling, it's expected that CNQ's stock will also trade lower.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
ConocoPhillips' stock is expected to trade lower due to falling oil prices.
ConocoPhillips, being a major energy company, is directly affected by oil prices. The fall in oil prices is expected to negatively impact COP's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Cenovus Energy Inc.'s stock is expected to trade lower due to falling oil prices.
Cenovus Energy, a major energy company, is directly affected by oil prices. The fall in oil prices is expected to negatively impact CVE's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Chevron Corporation's stock is expected to trade lower due to falling oil prices.
Chevron, being a major energy company, is directly affected by oil prices. The fall in oil prices is expected to negatively impact CVX's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Devon Energy Corporation's stock is expected to trade lower due to falling oil prices.
Devon Energy, a major energy company, is directly affected by oil prices. The fall in oil prices is expected to negatively impact DVN's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100