why are oil company stocks down today

Shares of oil marketing companies rose by as much as 3 per cent today following global crude oil prices falling to four-year lows. Shares of United Airlines gained strong downside momentum after the company released its quarterly earnings report. The company had $733-million in profit during the same period last year. Results Today: Indian Oil Corp Ltd, Heritage Foods, Kaya LtdEndurance Technologies, J. K. Tyre Industries Ltd, Indiabulls Housing Finance Limited Tata Motors Revenues at `88,628cr vs `62,493cr, up 41% Reported EBITDA at `12700cr vs 687cr Reported EBITDA Margins at 14.4% vs 4.6% Loss of 7605cr vs loss of `9894cr Torrent Pharma Cons rev from ops `1937cr vs `1946cr yoy PAT … The company reported revenue of … Story continues below advertisement The earnings amounted to 71 cents per share, down from 75 cents per share a … Follow the hottest stocks that are making the biggest moves. Why Crypto Stocks Dropped Like Rocks Today. Hedge to minimize the impact of potentially adverse price moves on the value of oil-related assets, or speculate to express your views on oil price movements. News. Ocugen's (NASDAQ:OCGN) stock has been falling Tuesday, down 9.75% to a price of $10.55. Although stocks can gap down at any time, they are common during earnings season when a report that falls short of … COVID-19 wreaked havoc on all Canadian energy companies as the demand for oil plummeted, and cash flow was severely impacted. I hit on some of those last week, noting that both Bionomics (OTCBB: BNOEF) and IntelGenx Technologies (OTCBB: IGXT) are positioned very well to get a major shot of steroids after the biggest psychedelics company, atai Life Sciences, goes public later this year. Of course, there are about a half-dozen other psychedelics stocks that’ll give you more bang for your buck if you buy them today.. The bottom line on gap-down stocks. An oil company is an entity engaged in at least one of the following three activities: Upstream exploration and production (E&P) of oil and natural gas, as … The reason is that Iran has been highly successful in evading US sanctions and managing to export an estimated 1.5 million barrels a day (mbd) or … Gap-down stocks are stocks that show significant downward price movement in after hours or pre-market trading. WTI Crude Oil futures are the most efficient way to trade the light, sweet crude oil blend after a sharp rise in US crude oil production. Tuesday the stock has been traded at a volume of 24.93 million, about 43.69% of … Canadian oil and gas stocks, whether it be Canadian pipeline companies, oil producers or natural gas producers, are faced with economic conditions that have simply never been seen before. The week in 10 stocks: Aviation hits an … U.S. indices traded lower Tuesday amid a continued sell-off in equities, driven by selling in growth stocks and technology stocks. ... Bitcoin is down 9.2% in the last 24 hours, Ethereum is down 9.8%, and Dogecoin is down 7.4%. Education General Dictionary Economics ... Company News Follow the companies making headlines and moving markets here.

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