WTI crude oil plunged 5.22% to settle at $67.61 per barrel in today’s trading session as bears continue to tighten their grip across global markets. Prices have now reached their lowest level since December 2021.
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After the SVB Financial (NASDAQ:SIVB) led drop, Credit Suisse (DE:CSX) (NYSE:CS) is creating new ripples today after the company disclosed a material weakness in its 2022 report.
While oil is now down more than 10% over the last five sessions, natural gas is also continuing its losing streak with a 5.21% drop today. As a result, prices closed at $2.439 MMBtu.
The Energy Select Sector SPDR ETF (XLE) is also down over 5% so far in today’s trading session. Here is a list of energy stocks that can be influenced by the latest developments in the energy markets.
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