Actionable news
All posts from Actionable news
Actionable news in COG: CABOT OIL & GAS Corp,

Cabot Oil & Gas (COG) Stock Falling on Tumbling Oil Prices

NEW YORK (TheStreet) -- Shares of Cabot Oil & Gas (COG) are down 2.84% to $23.97 in early-afternoon trading on Monday as oil prices reverse their earlier uptick.

Crude oil (WTI) is down 3.68% to $40.07 per barrel and Brent crude is falling 3.42% to $42.04 per barrel.

The decrease in oil prices is a result of oversupply concerns after a survey revealed that OPEC output hit record highs in July and oil rig additions hit a two-year high, CNBC reports.

"It's built upon the glut that's out there that...