Energy companies lead US stocks lower after oil price plunge

The steepest drop in oil prices in more than three years put investors in a selling mood Tuesday, extending a losing streak for the S&P 500 index to a fourth day. Energy stocks led a late-afternoon sell-off on Wall Street after the price of U. S. crude oil plunged 7. 1 percent to $55. 69 a barrel, the lowest level since December 2017. Oil has now fallen for 12 straight days, driven by worries over rising oil production around the world and weakening demand from developing countries. Path to Full Story on 29 Eyewitness News

Posted: Tuesday Nov-13-2018 3:00 PM

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