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Recent News

Travis Hoium - Oil's Collapse Took a Toll on Energy Stocks This Week

Oil prices fell 7% this week, driven by weak U.S. economic data. This impacted energy stocks, with Transocean and Vital Energy seeing significant declines. However, Sable Offshore gained 29.5% after reaching a settlement to restart production. The oil industry faces challenges as demand weakens with the slowing economy.

Related tickers: RIG, VTLE, SOC, SOC.WS.

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