The energy sector was suffering a broad selloff Monday, as worries that the recent bank failures will trigger an economic slowdown which saps demand for...
The energy sector was suffering a broad selloff Monday, as worries that the recent bank failures will trigger an economic slowdown which saps demand for crude oil. The Energy Select Sector SPDR exchange-traded fund XLE sank 2.8% in premarket trading, with all 23 of its equity components losing ground. Among the more active components, shares of Occidental Petroleum Corp. OXY shed 3.2%, Devon Energy Corp. DVN lost 3.2%, Marathon Oil Corp. MRO slid 3.8%, Exxon Mobil Corp. XOM gave up 2.
The energy sector was suffering a broad selloff Monday, as worries that the recent bank failures will trigger an economic slowdown which saps demand for crude oil. The Energy Select Sector SPDR exchange-traded fund XLE sank 2.8% in premarket trading, with all 23 of its equity components losing ground. Among the more active components, shares of Occidental Petroleum Corp. OXY shed 3.2%, Devon Energy Corp. DVN lost 3.2%, Marathon Oil Corp. MRO slid 3.8%, Exxon Mobil Corp. XOM gave up 2.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
JPMorgan, PNC among suitors for SVB Financial in deal excluding SVB Bank - AxiosJPMorgan Chase & Co and PNC Financial Service Group Inc are among those in talks about acquiring SVB Financial Group in a deal that would exclude its commercial banking unit Silicon Valley Bank that is currently under U.S. control, Axios reported on Monday citing sources.
Lire la suite »
Fed to hold emergency meeting on Monday amid SVB's swift collapse By Investing.com*FED TO HOLD EMERGENCY MEETING ON MONDAY AMID SVB'S SWIFT COLLAPSE -
Lire la suite »
FDIC racing to start returning some uninsured SVB deposits as soon as Monday, Bloomberg News saysThe Federal Deposit Insurance Corporation (FDIC), which is overseeing the emergency breakup of SVB Financial Group , is racing to sell assets and make a portion of clients' uninsured deposits available as soon as Monday, Bloomberg News reported on Saturday, citing people with knowledge of the situation.
Lire la suite »
SVB collapse may mean billions in losses if no buyer is found by MondayInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Lire la suite »
US regulators bail out SVB customers, who can access all their money Monday | CNN BusinessBiden administration says depositors will have access to their money Monday after SVB's collapse as a second regional bank in New York failed Sunday.
Lire la suite »