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Marathon Oil (MRO) Stock Slides on Falling Oil Prices

NEW YORK (TheStreet) -- Shares of Marathon Oil (MRO) were slumping 6.92% to $14.40 in mid-afternoon trading on Tuesday as oil prices retreated.

Crude oil was down 2.61% to $45.08 per barrel while Brent crude declined 2.15% to $47.28 per barrel this afternoon.

Oil prices were sliding as concerns mounted over a growing global supply glut.

The International Energy Agency said on Tuesday that oil demand growth has slowed sharply which could lead to an oversupply halfway through 2017.

Also, OPEC countries indicated yesterday that new...


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