Falling Crude Prices Drag Down Oil Stocks
November 27, 2013 at 14:24 PM EST
Energy stocks fell Wednesday as crude oil prices tumbled, with refiners going the opposite direction on strength from Marathon Petroleum (MPC) gaining 3.6%, and Tesoro (TSO) up 3.7%. “It would appear investors are sensing the Iran deal will go through, freeing up billions of dollars of additional crude supply,” wrote Jack Ablin, chief investment officer at [...]
