Shares of oil and gas stocks are trading lower. Weakness in the sector may be due to wore-than-expected US economic data, which could pressure demand outlook.
Portfolio Pulse from Benzinga Newsdesk
Shares of oil and gas stocks are trading lower due to worse-than-expected US economic data, which could pressure the demand outlook for the sector.
August 01, 2024 | 6:21 pm
News sentiment analysis
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NEGATIVE IMPACT
Baker Hughes (BKR) shares are trading lower due to weak US economic data impacting demand outlook.
BKR is directly affected by the overall weakness in the oil and gas sector due to poor economic data.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Canadian Natural Resources (CNQ) shares are trading lower due to weak US economic data impacting demand outlook.
CNQ is directly affected by the overall weakness in the oil and gas sector due to poor economic data.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
ConocoPhillips (COP) shares are trading lower due to weak US economic data impacting demand outlook.
COP is directly affected by the overall weakness in the oil and gas sector due to poor economic data.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Devon Energy (DVN) shares are trading lower due to weak US economic data impacting demand outlook.
DVN is directly affected by the overall weakness in the oil and gas sector due to poor economic data.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Eni (E) shares are trading lower due to weak US economic data impacting demand outlook.
E is directly affected by the overall weakness in the oil and gas sector due to poor economic data.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
EOG Resources (EOG) shares are trading lower due to weak US economic data impacting demand outlook.
EOG is directly affected by the overall weakness in the oil and gas sector due to poor economic data.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
TechnipFMC (FTI) shares are trading lower due to weak US economic data impacting demand outlook.
FTI is directly affected by the overall weakness in the oil and gas sector due to poor economic data.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Halliburton (HAL) shares are trading lower due to weak US economic data impacting demand outlook.
HAL is directly affected by the overall weakness in the oil and gas sector due to poor economic data.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Helmerich & Payne (HP) shares are trading lower due to weak US economic data impacting demand outlook.
HP is directly affected by the overall weakness in the oil and gas sector due to poor economic data.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Marathon Petroleum (MPC) shares are trading lower due to weak US economic data impacting demand outlook.
MPC is directly affected by the overall weakness in the oil and gas sector due to poor economic data.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Ovintiv (OVV) shares are trading lower due to weak US economic data impacting demand outlook.
OVV is directly affected by the overall weakness in the oil and gas sector due to poor economic data.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Occidental Petroleum (OXY) shares are trading lower due to weak US economic data impacting demand outlook.
OXY is directly affected by the overall weakness in the oil and gas sector due to poor economic data.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Phillips 66 (PSX) shares are trading lower due to weak US economic data impacting demand outlook.
PSX is directly affected by the overall weakness in the oil and gas sector due to poor economic data.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Transocean (RIG) shares are trading lower due to weak US economic data impacting demand outlook.
RIG is directly affected by the overall weakness in the oil and gas sector due to poor economic data.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Schlumberger (SLB) shares are trading lower due to weak US economic data impacting demand outlook.
SLB is directly affected by the overall weakness in the oil and gas sector due to poor economic data.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Suncor Energy (SU) shares are trading lower due to weak US economic data impacting demand outlook.
SU is directly affected by the overall weakness in the oil and gas sector due to poor economic data.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Texas Pacific Land (TPL) shares are trading lower due to weak US economic data impacting demand outlook.
TPL is directly affected by the overall weakness in the oil and gas sector due to poor economic data.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Valero Energy (VLO) shares are trading lower due to weak US economic data impacting demand outlook.
VLO is directly affected by the overall weakness in the oil and gas sector due to poor economic data.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Western Midstream Partners (WES) shares are trading lower due to weak US economic data impacting demand outlook.
WES is directly affected by the overall weakness in the oil and gas sector due to poor economic data.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80