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Freeport-McMoRan’s Slump: Falling Crude Prices Add Fuel to Fire

Falling Copper and Energy Prices Spell Trouble for Freeport-McMoRan

(Continued from Prior Part)

Falling crude prices

Previously in this series, we saw how lower copper prices negatively affect Freeport-McMoRan (FCX). Over the last couple of years, Freeport-McMoRan has become a major energy producer and so is affected by lower energy prices.

In this part of the series, we’ll see how lower crude oil prices could affect the company.

Currently, Freeport-McMoRan forms 2.82% of the SPDR S&P Metals and Mining ETF (XME) and 1.91% of the Materials Select Sector SPDR ETF (XLB).

WTI prices fall to a six-year low

NYMEX-traded WTI (West...