New Zealand markets closed
  • NZX 50

    11,065.71
    -134.33 (-1.20%)
     
  • NZD/USD

    0.5598
    -0.0133 (-2.32%)
     
  • NZD/EUR

    0.5704
    -0.0128 (-2.20%)
     
  • ALL ORDS

    6,678.70
    -81.90 (-1.21%)
     
  • ASX 200

    6,474.20
    -80.80 (-1.23%)
     
  • OIL

    79.74
    -1.49 (-1.83%)
     
  • GOLD

    1,668.30
    -0.30 (-0.02%)
     
  • NASDAQ

    10,971.22
    -193.56 (-1.73%)
     
  • FTSE

    6,893.81
    +12.22 (+0.18%)
     
  • Dow Jones

    28,725.51
    -500.10 (-1.71%)
     
  • DAX

    12,114.36
    +138.81 (+1.16%)
     
  • Hang Seng

    17,222.83
    +56.96 (+0.33%)
     
  • NIKKEI 225

    25,937.21
    -484.84 (-1.83%)
     
  • NZD/JPY

    81.0020
    -1.7450 (-2.11%)
     

Why Occidental Petroleum, Devon Energy, and Diamondback Energy Shares Plunged Today

·3-min read

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.