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OPEC bid to kill off US shale sends oil price down to 2009 low : December 08, 2015,
2015-12-08 10:33:23| Oil & Gas - Topix.net
Oil industry stocks tumbled on Monday, leading US stocks lower, as crude prices sank to their lowest close since February 2009 in the wake after decision of Organisation of the Petroleum Exporting Countries not to cut output dimmed the odds of any quick recovery in oil prices. Dow members ExxonMobil world's largest publicly traded international oil and gas company - and Chevron lost 2.6 percent and 2.7 percent respectively, while shale producer Continental Resources plunged 9.3 percent.
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Category:Energy and Environment