Latest / Energy Economics with Fexingo: Oil Prices, Renewables, and the Cost of Power
The Oil Stock Crash Is Sending a Signal About Earnings
Even as crude oil wobbles around 73 dollars a barrel, oil stocks are falling faster — the XLE energy ETF is down more than 3 percent in a week while WTI is down 3.4 percent. That gap between commodity price and equity price is unusual. Lucas and Luna dig into what the market is pricing in: shrinking margins, weakening demand signals from China, and the possibility that oil companies' earnings have already peaked. They look at Exxon's 1.9 percent weekly drop, Chevron's 3.2 percent slide, and what that divergence tells us about investor sentiment versus spot prices. Plus, a quick…
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