The energy is suffering another broad selloff, to lead the S&P 500's SPX, -3.03% 11 key sectors in declines, as crude oil prices fall for a third-straight day amid worries that the global spread of COVID-19 will hurt demand. The SPDR Energy Select Sector ETF XLE, -4.42% slumped 2.3%, with 27 of 28 components losing ground. That put the sector ETF (XLE) on track for the lowest close since July 2010. The biggest decliner was Cimarex Energy Co.'s stock XEC, -7.95%, which tumbled 5.7% toward the lowest close since September 2009. Among the most-active XLF components, shares of Exxon Mobil Corp. XOM, -3.83% gavse up 1.8%, Marathon Oil Corp. MRO, -5.71% shed 3.7% and Occidental Petroleum Corp. OXY, -8.33% sank 4.9%. Meanwhile, continuous crude oil futures CL00, -2.55% slid 1.6% toward a 2-week low, and has now lost 6.1% amid a 3-day losing streak.
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February 25, 2020 at 11:26PM
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Energy sector tumbles toward lowest close in 10 years as oil prices fall again - MarketWatch
"oil" - Google News
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