Why ConocoPhillips Stock Dropped Today
Oil prices tumbled in Tuesday trading, with Brent crude futures falling 3% and WTI down 3.5% as of 3:15 p.m. ET -- and both flavors of oil suffered even bigger losses earlier in the day.
Curiously, ConocoPhillips (NYSE: COP) stock didn't. This oil major started the day off with only about a 2% decline, and remains down about 2.2%. Why?
Image source: Getty Images.
Source Fool.com
ConocoPhillips Stock
€99.47
0.850%
The stock is one of the favorites of our community with 85 Buy predictions and 1 Sell predictions.
With a target price of 105 € there is a slightly positive potential of 5.56% for ConocoPhillips compared to the current price of 99.47 €.
