Oil and energy stocks are getting hammered by fears over the virus [CNNMoney.com]
Devon Energy Corporation (DVN)
Last devon energy corporation earnings: 2/18 04:05 pm
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Source: CNNMoney.com
Oil and energy stocks are getting crushed by coronavirus fears New York (CNN Business) The spread of the coronavirus around the world is sending shockwaves through an oil market ill-prepared for a serious blow to energy demand. Oil prices plunged deeper into a bear marke t Wednesday, reflecting fears about the economic repercussions of the rapidly-spreading health crisis. Economists are warning the coronavirus could spark a severe economic slowdown or even recession in the United States and elsewhere. The outbreak is the biggest shock to demand for oil since the 2008 financial crisis. US crude dropped another 2.3% on Wednesday to $48.73 a barrel. That's the lowest price since January 2019 and it marks a 23% plunge from the recent peak of $63.27 a barrel on January 6."You're seeing the ripple effects of the coronavirus proliferate outside of China. That is what is turning investor sentiment on oil and other risk assets as well," said Michael Tran, director of global energy strat
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News
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DVN
Earnings
- 11/5/24 - Beat
DVN
Sec Filings
- 11/6/24 - Form 10-Q
- 11/5/24 - Form 8-K
- 10/3/24 - Form 8-K
- DVN's page on the SEC website