Phillips 66 shares are trading lower amid a drop in oil prices.
Portfolio Pulse from Benzinga Newsdesk
Phillips 66 shares are trading lower due to a decrease in oil prices, impacting the stock's performance.
April 09, 2024 | 4:45 pm
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Phillips 66 shares are experiencing a downturn as a result of falling oil prices.
Phillips 66, being an energy company, is directly affected by fluctuations in oil prices. A decrease in oil prices can lead to reduced revenue prospects for the company, thereby negatively impacting its stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100