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Why ConocoPhillips Stock Dropped on Monday

TheMotleyFool 
0 0 02.02.26
Why ConocoPhillips Stock Dropped on Monday: https://g.foolcdn.com/editorial/images/854198/oil-pump-jack-against-a-sunset.jpg
 

Oil prices dipped in Monday trading, with Brent crude falling 4.7% to about $66 a barrel and WTI crude down nearly 5% to just under $62.

ConocoPhillips (NYSE: COP) stock slipped 2.5% through 10:30 a.m. ET Monday, following the price of oil lower.

Image source: Getty Images.

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Source Fool.com

ConocoPhillips Stock

€91.03
1.940%
There is an upward development for ConocoPhillips compared to yesterday, with an increase of €1.73 (1.940%).
With 74 Buy predictions and 1 Sell predictions ConocoPhillips is one of the favorites of our community.
As a result the target price of 100 € shows a slightly positive potential of 9.85% compared to the current price of 91.03 € for ConocoPhillips.
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