Actionable news
All posts from Actionable news
Actionable news in OAS: OASIS PETROLEUM Inc,

Oasis Petroleum (OAS) Stock Falling as Oil Prices Tumble

NEW YORK (TheStreet) -- Shares of Oasis Petroleum (OAS - Get Report) are down by 2.38% to $6.98 in mid-morning trading on Monday, as some stocks within the energy sector take a hit due to the decline in the price of oil.

The commodity is trading in the red this morning, with prices reaching their lowest levels in over 11 years as the global oversupply continues to increase, Reuters reports.

Crude oil (WTI) is lower by 0.89% to $34.42 per barrel and Brent crude is slipping by 1.03% to $36.50 per barrel, according to the index.

Exclusive Look Inside: You see Jim Cramer on TV. Now, see where he invests his money. Check out his multi-million dollar portfolio and discover which stocks he is trading. Click here to see the holdings for 14-days FREE.

Oil production is close to hitting record highs and more barrels from Iran, the U.S. and Libya are due to hit the market, Reuters added. This could result in oil prices suffering their largest monthly decline in seven years.

Oasis Petroleum is a Houston-based...