Marathon Oil (mro) Stock Falls Today As Oil Pricestouch New Lows

NEW YORK (TheStreet) -- Shares of independent energy company Marathon Oil fell 4.9% to $27.20 in afternoon trading Monday as oil prices hit new five-and-a-half-year lows. West Texas Intermediate crude dropped below $50 for the first time since April 2009 to an intraday low of $49.95 a barrel in late morning trading.

BING NEWS:
  • Maintaining Buy Rating on Marathon Oil: Stability and Shareholder Value Amidst Productivity Improvements
    Wells Fargo analyst Roger Read has maintained their bullish stance on MRO stock, giving a Buy rating on April 29. Roger Read has given his Buy ...
    05/1/2024 - 11:06 pm | View Link
  • TSX flat as oil falls, U.S. stock markets mixed after Fed holds interest rates steady
    Canada's main stock index was lower in late-morning trading, weighed down by losses in the energy stocks as the price of oil fell, while U.S. stock markets were mixed ahead of the Federal Reserve's ...
    05/1/2024 - 4:32 am | View Link
  • Oil Falls Amid U.S. Inflation Concerns
    Oil prices were trading lower after the latest U.S. data reinforced prospects of higher-for-longer interest rates, but signs of a tightening physical market limit the downside. Brent was down 1% at ...
    04/28/2024 - 10:24 pm | View Link
  • How to watch the 2024 Boston Marathon today: Livestream options, starting time, more
    Expect sunny skies for today's Boston Marathon and appearances by some of the city's most beloved celebrities, including former New England Patriots tight end Rob Gronkowski and former Boston ...
    04/15/2024 - 4:49 am | View Link
  • Stock market today: Wall Street falls toward its worst week in months as oil jumps
    Without easier interest rates, companies will need to produce bigger profits to justify their stock prices, which critics say are already too expensive by various measures. This year’s jump in oil ...
    04/12/2024 - 8:38 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News