Reply To: Traders Market Weekly: Markets Await Big Bankers Earnings

#35359
Truman
Participant

Energy stocks have extended losses as oil prices drop 4.3% to $94.05/bbl amid demand concerns attributed to the COVID lockdowns in Shanghai.

Negative price momentum and increased available supply from strategic reserves are other factors driving oil prices lower.

The S&P 500 energy sector is currently down 2.6% to lead all sectors in losses.