Why APA Corporation, Diamondback Energy And Occidental Petroleum Shares Are Falling


Shares of energy companies, including APA Corp (US) APADiamondback Energy Inc FANG and Occidental Petroleum Corporation OXY, are trading lower as oil prices dip amid hopes of de-escalation between Ukraine and Russia. Concessions to calm tensions between the two countries would alleviate some supply concerns, which have lifted oil prices in recent weeks.

Shares of energy companies are otherwise trading sharply higher over the past six months as oil prices gain amid global supply concerns. APA, Diamondback Energy and Occidental Petroleum are trading higher by 88.2%, 79.3% and 66.4% over the past six months.

See Also: Why Knightscope Shares Are Trading Higher Today

Market News and Data brought to you by Benzinga APIs
Posted In: MoversTrading Ideaswhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!