Reported about 8 hours ago
A disappointing GDP contraction of 0.3% in Q1 2025 spooked investors, leading to a sell-off in energy stocks including ConocoPhillips, Chevron, and Cheniere Energy, which dropped by 2%, 2.2%, and 3.6% respectively. Concerns over reduced oil demand due to economic slowdown, coupled with specific downgrades for Cheniere, created a bearish sentiment in the oil and gas sector.
Source: YAHOO