Why Energy Stocks Are Down This Week
Energy stocks tumbled this week. The average energy company in the S&P 500 slumped nearly 9% over the past five trading days. Among the notable decliners were Phillips 66 (NYSE: PSX), Occidental Petroleum (NYSE: OXY), Clean Energy Fuels (NASDAQ: CLNE), Core Laboratories (NYSE: CLB), and Continental Resource Development (NASDAQ: CDEV).