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Why ExxonMobil, ConocoPhillips, and BP Stocks Dropped Today

The Motley Fool
Summary
Nutrition label

70% Informative

OilPrice.com reports on a "plunge" below $ 75 a barrel in Brent crude prices.

WTI crude -- more popular in the U.S. -- is suffering a similar fall, down 3.8% at about $70.70 as of 10:30 a.m. ET .

OPEC+ is reported to be planning to increase production beginning in October , a move that would increase oil supplies and thereby lower oil prices.

China is the globe's biggest importer of oil, and manufacturing output in the Middle Kingdom has fallen to a six-month low.

VR Score

60

Informative language

53

Neutral language

13

Article tone

semi-formal

Language

English

Language complexity

34

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

7

https://www.fool.com/investing/stock-market/market-sectors/energy/oil-stocks/?utm_source=yahoo-host-full&utm_medium=feed&utm_campaign=article&referring_guid=82983a53-f195-40a4-aa6f-165813069c88https://www.fool.com/investing/2017/03/29/why-isnt-russia-a-part-of-opec.aspx?utm_source=yahoo-host-full&utm_medium=feed&utm_campaign=article&referring_guid=82983a53-f195-40a4-aa6f-165813069c88https://www.fool.com/author/1297/https://www.fool.com/legal/fool-disclosure-policy/https://www.fool.com/investing/2024/09/03/why-exxon-mobil-conocophillips-and-bp-stocks-drop/?utm_source=yahoo-host-full&utm_medium=feed&utm_campaign=article&referring_guid=82983a53-f195-40a4-aa6f-165813069c88https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=7cbea295-812d-438c-a0a2-8afab244d656&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26amp%253Bsource%3Disaeditxt0010895%26ftm_cam%3Dsa-bbn-evergreen%26ftm_veh%3Darticle_pitch_feed_yahoo%26ftm_pit%3D13885&utm_source=yahoo-host-full&utm_medium=feed&utm_campaign=article&referring_guid=82983a53-f195-40a4-aa6f-165813069c88https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=7cbea295-812d-438c-a0a2-8afab244d656&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010895%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D13885%26ftm_veh%3Darticle_pitch_feed_yahoo%26company%3DExxonMobil&utm_source=yahoo-host-full&utm_medium=feed&utm_campaign=article&referring_guid=82983a53-f195-40a4-aa6f-165813069c88

Source diversity

2

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