VDE - Energy stocks led by Marathon top S&P losers as crude slides to six-week low

The oil and gas sector was easily the stock market's worst performer on the S&P 500 on Wednesday, as crude oil prices fell to their lowest in more than a month on rising worries of a global economic slowdown that would hurt demand. The Energy Select Sector SPDR ETF (NYSEARCA:XLE) closed -4%, and the SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) ended -6%, with energy turning even lower after last week posting the worst showing since the start of the pandemic. Other relevant ETFs include (USO), (VDE), (OIH), (IEO), (CRAK)  Ten of the 15 biggest losers on the S&P 500 Wednesday were in the oil and gas sector: Marathon Oil (NYSE:MRO) -7.2%, APA Corp. (APA) -7%, ConocoPhillips (COP) -6.2%, EOG Resources (EOG) -5.8%, Phillips 66 (PSX) -5.7%, Devon Energy (DVN) -4.9%, Diamondback Energy (FANG) -4.6%, Halliburton (HAL) -4.3%, Chevron (CVX) -4.3%, Hess (HES) -4.1%. U.S. August WTI

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Energy stocks led by Marathon top S&P losers as crude slides to six-week low