Energy Stocks Fall Following OPEC+ Failure ...Middle East

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Energy Stocks Fall Following OPEC+ Failure
source : OILPRICE ( Middle East ) () 12
Energy stocks turned lower on Tuesday after oil prices slid from multi-year highs amid market concern that the OPEC+ deadlock could result in a major rift that could break up the alliance. Earlier on Tuesday, U.S. oil prices hit a six-year high while Brent rose to the highest level since October 2018, after OPEC+ called off on Monday the meeting of the ministers set to try, for a third time, to reach a consensus about oil supply management in the coming months. After a long weekend for the July 4 holiday, the Dow Jones and the S&P 500 opened…

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