US energy stocks drop as oil reaches lowest level since Iran war began

Investing.com -- Shares of major US energy companies declined on Thursday as crude oil prices fell to their lowest point since the beginning of the US-Israel war against Iran following a ceasefire agreement.

Chevron fell 2.1%, while Exxon Mobil dropped 2.7% and ConocoPhillips decreased 2.6%. Valero Energy was down 2.2% and Devon Energy declined 1.5%. Occidental Petroleum lost 2.6% and APA Corp fell 3.6%.

Crude Oil WTI futures traded as low as $73.6 midday on Thursday, marking the lowest level since the conflict began.

You May Also Be Interested In

• ADP Employment Change (Jun) 98K vs 120K Expected
• ClearSign gets order for three M1 burners for West Texas facility
• Trump discloses over $1.4 billion in crypto income in 2025 filing