Oil Prices Breakdown as Demand Concerns Compound Pressure

Oil prices could breakdown and fall to lower lows as the cause of concern for equities also weighs on demand considerations for oil. Questions about the U.S. economy have contributed to a shakeout of U.S. equity markets. Intensifying concern about U.S. energy demand could also compound pressure on oil prices. See the full report on oil prices breaking down as demand concern compounds pressure.

Sector Securities	02-09-16 to 12:30 PM ET
SPDR S&P 500 (NYSE: SPY)	-0.5%
SPDR Dow Jones (NYSE: DIA)	-0.5%
PowerShares QQQ (Nasdaq: QQQ)	-0.6%
iShares Russell 2000 (NYSE: IWM)	-0.6%
United States Oil (NYSE: USO)	-3.7%
iPath S&P GSCI Crude Oil (NYSE: OIL)	-3.5%
Energy Select Sector SPDR (NYSE: XLE)	-3.0%
SPDR S&P Oil & Gas E&P (NYSE: XOP)	-4.7%
Market Vectors Oil Services (NYSE: OIH)	-5.2%
Exxon Mobil (NYSE: XOM)	-1.5%
Chesapeake Energy (NYSE: CHK)	-2.9%
Baker Hughes (NYSE: BHI)	-1.5%

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only. Article interests energy investors including Exxon Mobil (NYSE: XOM), BP (NYSE: BP), PetroChina (NYSE: PTR), Petrobras (NYSE: PZE), Royal Dutch Shell (OTC: RYDAF.PK), Total (NYSE: TOT), Chevron (NYSE: CVX), Repsol (OTC: REPYY.PK), ConocoPhillips (NYSE: COP), Eni SpA (NYSE: E), Sasol (NYSE: SSL), Encana (NYSE: ECA), Suncor (NYSE: SU), Imperial Oil (AMEX: IMO), Statoil (NYSE: STO), Cenovus (NYSE: CVE), Transocean (NYSE: RIG), Penn West Petroleum (NYSE: PWE), Continental Resources (NYSE: CLR), Noble (NYSE: NE), Concho (NYSE: CXO), Diamond Offshore (NYSE: DO), Ensco (NYSE: ESV), Whiting Petroleum (NYSE: WLL), Nabors (NYSE: NBR), Pride International (NYSE: PDE), Helmerich & Payne (NYSE: HP), QEP Resources (NYSE: QEP), Enerplus (NYSE: ERF), Rowan (NYSE: RDC), Cobalt (NYSE: CIE), Patterson UTI (Nasdaq: PTEN), SandRidge (NYSE: SD), Schlumberger (NYSE: SLB), Halliburton (NYSE: HAL), National Oilwell Varco (NYSE: NOV), Baker Hughes (NYSE: BHI), Weatherford International (NYSE: WFT), Cameron (NYSE: CAM), FMC Tech (NYSE: FTI), Oil States International (NYSE: OIS), Superior Energy (NYSE: SPN), Carbo Ceramics (NYSE: CRR), Helix Energy (NYSE: HLX), Pioneer (NYSE: PXD), CNOOC (NYSE: CEO), China Petroleum and Chemical (NYSE: SNP), Ecopetrol (NYSE: EC), Canadian Natural Resources (NYSE: CNQ), Apache (NYSE: APA), Anadarko (NYSE: APC), Devon (NYSE: DVN), EOG (NYSE: EOG), Chesapeake (NYSE: CHK).