COM - Oil prices energy stocks sink as OPEC+ supply compromise unclear

Grafissimo/E+ via Getty Images Crude oil futures tumble to their lowest of the day as traders weigh conflicting reports about a potential compromise between Saudi Arabia and the United Arab Emirates on production levels. Multiple reports this morning said the UAE and Saudi Arabia had reached a compromise, but the UAE then said there was no agreement yet and talks are ongoing. August WTI crude (CL1:COM) -2.2% to $73.61/bbl, and September Brent crude (CO1:COM) -1.7% to $75.14/bbl. ETFs: [[XLE]], [[USO]], [[UCO]], [[XOP]], [[VDE]], [[GUSH]], [[OIH]], [[ERX]], [[BGR]], [[BNO]] Energy brings up the rear in the S&P sector standings, and today's top five poorest performers on the S&P 500 are in the oil and gas sector: [[OXY]] -5.4%, [[XEC]] -4.6%, [[APA]] -4.2%, [[FANG]] -4.2%, [[DVN]] -4.1%. Fears of an all-out production war would be off the table if an OPEC has been reached, Price Futures analyst Phil Flynn says, adding that

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Oil prices, energy stocks sink as OPEC+ supply compromise unclear