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Why ASX oil stock prices are set to slide this morning – Motley Fool Australia
The market is poised to open weaker this morning but ASX oil stocks are likely to come under even more pressure as oil is testing key support
The market is poised to open weaker this morning but ASX oil stocks are likely to come under even more pressure.
Futures pricing is tipping a 1% drop in the S&P/ASX 200 Index (Index:^AXJO) on Wednesday on a poor overnight lead from Wall Street.
The 3.3% thumping in the Brent crude price to a two-week low of US$41.03 a barrel will add to the pain for oil-exposed stocks.
ASX oil stock prices on slippery slope
These include the Woodside Petroleum Limited(ASX: WPL) share price, Santos Ltd(AS…
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