US energy shares fall as oil prices decline ahead of midterms
Briefing by News4U · First published
US oil and gas shares fell in midday trading on Monday as oil prices declined amid renewed diplomatic efforts over Iran, Al Jazeera reported. ConocoPhillips was down 3.7%, Chevron 2.3% and ExxonMobil 3.3%, while the major US stock indices were higher. The report put Monday’s oil-price decline at 6%. It also cited AAA data showing average regular petrol at $4.17 per gallon, with fuel costs still weighing on voters ahead of the US midterm elections. [1]
Sources
- US petrol prices dip ahead of midterms as voters eye costs
Al Jazeera · · Full text