Why Occidental Petroleum, Devon Energy, and Diamondback Energy Shares Plunged Today
Shares of oil drillers Occidental Petroleum (NYSE: OXY), Devon Energy (NYSE: DVN), and Diamondback Energy (NASDAQ: FANG) were falling more than the market on Monday. The volatile energy sector got a double whammy of bad news this morning, as recent economic data out of both China and a part of the U.S. disappointed.