US Stocks Movement | Energy Stocks Plummet Before Market Open: Western Petroleum Down Over 7%, ConocoPhillips Down Over 6%

Gelonghui, April 8 | U.S. energy stocks fell sharply in pre-market trading, with Occidental Petroleum, Canadian Natural Resources, Devon Energy, Murphy Oil, NuScale Energy, Talos Energy, and EOG Energy down more than 7%. ConocoPhillips fell more than 6%, and U.S. energy fell more than 4%. On the news front, the U.S. agreed to a two-week ceasefire with Iran in exchange for the Strait of Hormuz reopening; the report sparked a collapse in international oil prices. Brent crude futures briefly fell more than 17% to $90.01 per barrel, while WTI crude futures briefly dropped 19% to $91.05 per barrel.