US GDP Declines, Oil Prices Drop

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Oil prices

The Motley Fool

•

Business

Business & Economics

Why ConocoPhillips, Chevron, and Cheniere Energy Stocks All Dropped Today

Summary

Nutrition label

70% Informative

A weak report on the U.S. economy sparked a sell-off in energy stocks this morning .

ConocoPhillips ( NYSE : COP ) stock was down 2% at the 11:30 a.m. ET mark.

Cheniere Energy ( LNG ) was taking it even more on the chin with a 3.6% loss before noon .

Oil and gas is a famously cyclical industry in which undersupply and high prices lead to oversupply.

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VR Score

Informative language

Neutral language

Article tone

semi-formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful