U.S. Energy Corp. fell 1.90% in premarket trading. The decline in the stock price can be attributed to the broader market sentiment in the energy sector, with oil futures declining for the third straight session following a cease-fire in the Iran-Israel war. Oil prices slid 6% to $64.37 a barrel, trading below the levels where they were before Israel's surprise attack on Iran's nuclear facilities roughly two weeks ago. Additionally, US natgas prices fell 4% along with weaker oil despite a brutal heat wave, further contributing to the bearish sentiment in the energy sector.
Comments
No comments yet