Energy Stocks Hit As U.S. Lenience On Iran Sinks Crude Oil

Oil stocks were hit after Treasury Secretary Steven Mnuchin said the U.S. will consider issuing waivers on reimposed Iran sanctions, sending crude oil futures sharply lower.

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Exxon Mobil (XOM) fell 1% on the stock market today, but it's still above its 50-day line. Among other oil majors, Chevron (CVX) dropped 0.85%, ConocoPhillips (COP) lost 2%, Total (TOT) 0.6%, and BP (BP) 1.65%.

Among U.S. shale plays, Marathon Oil (MRO) tumbled 6.7%, diving below its 50-day line and triggering a...

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Treasury Secretary Steven Mnuchin [+]    Iran [+]    Exxon Mobil [+]    XOM [+]    Chevron [+]    CVX [+]    ConocoPhillips [+]    TOT [+]    Marathon Oil [+]    MRO [+]   

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