Energy stocks suffer broad beating as crude oil futures continue to sink
Shares of oil and gas companies were taking a broad beating ahead of Friday's open, as growing concerns of a coming recession has sent crude oil futures sinking toward an eight-month low. The SPDR Energy Select Sector ETF slumped 3.2% in premarket trading, with all 21 components selling off, as crude futures shed 3.4% and while futures for the S&P 500 fell 1.4%. Within energy ETF, the biggest decliners were shares of
(END) Dow Jones Newswires
September 23, 2022 09:00 ET (13:00 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.