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BKR - Energy extends YTD loss to 15% as oil prices plunge
Baker Hughes Company
The energy sector (XLE-4.5%) is today's weakest performer, widening its YTD loss to 15% and a fresh low for the year, as crude prices plunge into bear territory amid weakening risk tolerance due to the continued spread of the coronavirus outside of China.
More news on: Energy Select Sector SPDR ETF, The United States Oil ETF, LP, United States Brent Oil Fund, LP, Energy stocks news, Commodities news, Stocks on the move, News on ETFs,