Shares of oil and gas companies are trading lower amid weakness in oil following a build of US crude inventories.
Portfolio Pulse from Benzinga Newsdesk
Shares of oil and gas companies are trading lower due to a decline in oil prices following an increase in US crude inventories.

May 01, 2024 | 4:44 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
APA shares are trading lower as oil prices decline due to increased US crude inventories.
APA, being an oil and gas company, is directly impacted by oil price movements. The increase in US crude inventories typically leads to lower oil prices, negatively affecting APA's stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
AR's stock is negatively impacted by the decrease in oil prices following a build in US crude inventories.
As AR operates in the oil and gas sector, its financial performance and stock price are sensitive to changes in oil prices, which have declined due to an increase in US crude inventories.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
BTE shares decline in response to falling oil prices caused by a rise in US crude inventories.
BTE, an oil and gas company, is adversely affected by the drop in oil prices, which is a direct result of the increase in US crude inventories.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
ENLC's stock price falls amid the overall decline in oil prices due to a build-up in US crude inventories.
ENLC, involved in the oil and gas industry, sees its stock price decline as a consequence of the falling oil prices, which are influenced by the increase in US crude inventories.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
EQT shares are trading lower following the downturn in oil prices, which is attributed to a surge in US crude inventories.
EQT's performance is closely tied to oil market dynamics. The recent build in US crude inventories leading to lower oil prices has a direct negative impact on EQT's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
HAL's shares decline as a result of the decrease in oil prices, driven by an increase in US crude inventories.
HAL, as a service provider to the oil and gas industry, is negatively impacted by the fall in oil prices, which is a consequence of the rise in US crude inventories.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
MRO stock is trading lower in response to the falling oil prices, which have been affected by an increase in US crude inventories.
MRO's stock price is directly influenced by oil price fluctuations. The recent build in US crude inventories, leading to lower oil prices, negatively impacts MRO's financial outlook.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
OXY shares are down due to the negative impact of falling oil prices, following a build in US crude inventories.
OXY, an oil and gas producer, is adversely affected by the decline in oil prices, which is directly related to the increase in US crude inventories.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
PSX's stock price falls amid a broader downturn in oil prices due to a build in US crude inventories.
PSX, operating in the oil refining sector, is impacted by the decrease in oil prices, which is a result of the increased US crude inventories.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
TTI shares decline as oil prices fall, influenced by a rise in US crude inventories.
TTI, as part of the oil and gas industry, sees its stock price negatively affected by the falling oil prices, which are due to an increase in US crude inventories.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
VLO's stock is negatively impacted by the decline in oil prices, which follows a build in US crude inventories.
VLO, an oil refining company, is directly affected by the dynamics of oil prices. The increase in US crude inventories leading to lower oil prices has a negative impact on VLO's stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80