Environment

Drilling rigs sit unused on a companies lot located in the Permian Basin area on March 13, 2022 in Odessa, Texas.
Joe Raedle | Getty Images News | Getty Images

Energy stocks were slammed Wednesday as U.S. oil prices plunged to their lowest levels since December 2021. The extent of the decline in West Texas Intermediate crude — down 5.5% to under $67 per barrel — seems overdone in an energy market that remains structurally undersupplied.

Articles You May Like

Utah man gored and seriously injured by bison he tried to pet admits he is *definitely an idiot in this scenario*
CNNs *King Charles* premiere another ratings disaster
JPMorgan CEO warns Wall Street to prepare for a recession: 'Dangerous and inflationary'
JPMorgan CEO warns Wall Street to prepare for a recession: ‘Dangerous and inflationary’
Home secretary arrives in Rwanda to sign new asylum treaty