Energy Shares Drop as OPEC+ Keeps Plan to Increase Production -- Energy Roundup

Dow Jones

2025/03/04

Energy company shares were among the biggest losers Monday as crude prices fell following the OPEC+ announcement that it will increase output as planned in April.

The news comes as Wall Street increasingly worries about a slowdown in the global economy under the prospect of trade wars.

EOG Resources fell after price-target trims following disappointing fourth-quarter earnings released last week.

Write to Paulo Trevisani at paulo.trevisani@wsj.com

(END) Dow Jones Newswires

March 03, 2025 17:06 ET (22:06 GMT)

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