Energy Stocks: Look out Below!

It’s been a miserable day for oil stocks–the energy sector is the worst performer in the S&P 500–and with the pain driven by something fundamental–oil prices are tumbling after the U.S. Energy Information Administration said gasoline supplies rose–and analysts slashed their ratings on four stocks: Citigroup’s Alastair Syme cut BP (BP) and Royal Dutch Shell (RDS.A), while Evercore ISI’s¬†Stephen Richardson downgraded Callon Petroleum (CPE) and Antero Resources (AR).

But, oh, that inventory data. TD Securities’¬†Menno Hulshof and team explain why it sent oil prices tumbling:
Source: Barrons

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