AR - These 3 Oil Stocks Are Crashing on Crude Prices: What You Need to Know
Shares of Antero Resources (NYSE: AR), QEP Resources (NYSE: QEP), and Centennial Resource Development (NASDAQ: CDEV) all experienced double-digit declines on Oct. 14 (though Antero recovered before close). Today's big sell-off looks to have been sparked by a sharp decline in crude-oil prices. Both West Texas Intermediate and Brent Crude futures are down 2.2% today.
Today's decline looks like traders are losing much of the optimism that had them sending oil prices -- and some oil stocks -- higher on Friday, following positive news about both ongoing China-U.S. trade talks and Britain's negotiations to exit the European Union ("Brexit") with a trade deal in place.
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