Shares of energy stocks are trading lower amid a drop in the price of oil.
Portfolio Pulse from Benzinga Newsdesk
Energy stocks are trading lower due to a decline in oil prices, affecting companies like CEIX, CLNE, CNQ, CVE, HPK, MRO, NEXT, OVV, OXY, and ROI.

December 12, 2023 | 6:04 pm
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NEGATIVE IMPACT
CEIX's stock is trading lower due to the decrease in oil prices.
As an energy company, CEIX's stock performance is closely tied to oil prices. The current drop in oil prices is likely to have a negative impact on the stock in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
CLNE's shares are down following a decline in the price of oil.
CLNE, being part of the energy sector, is experiencing a downturn in its stock price as a result of falling oil prices, which is a common industry trend.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
CNQ's stock price is negatively impacted by the recent oil price drop.
CNQ's financial performance is typically influenced by oil market dynamics, and the current decline in oil prices is expected to have an adverse effect on its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
CVE's shares are trading lower in response to the falling oil prices.
As an entity in the energy industry, CVE's stock is sensitive to changes in oil prices, and the current decrease is likely to negatively impact its share value in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
HPK's stock is experiencing a downturn due to the decline in oil prices.
HPK, as a participant in the energy market, is seeing its stock price fall in response to the drop in oil prices, a factor that significantly influences its market valuation.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
MRO's shares are down, influenced by the drop in oil prices.
MRO's stock is declining as a direct consequence of the fall in oil prices, which is a critical factor for companies in the energy sector.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
NEXT's stock price is falling due to the negative trend in oil prices.
NEXT's financial health is often linked to the performance of oil prices, and the current downward trend is causing a decline in its stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
OVV's share value is declining in correlation with the decrease in oil prices.
OVV's stock performance is closely related to oil price movements, and the current drop is negatively affecting its share price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
OXY's stock is trading lower, impacted by the recent downturn in oil prices.
OXY, an energy company, is seeing its stock price fall as a result of the decline in oil prices, which is a significant factor for its market performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
ROI's shares are negatively affected by the drop in oil prices.
ROI's stock is subject to the fluctuations of the oil market, and the current decrease in oil prices is likely to result in a short-term negative impact on its shares.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80