Diamondback Energy Stock Slides Wednesday: What's Happening?
Shares of Diamondback Energy are trading lower Wednesday afternoon as energy equities face selling pressure from retreating crude benchmarks and broader positioning ahead of the Federal Reserve’s interest rate decision.
Oil prices dropped Wednesday, so energy company stocks like Diamondback fell too. When oil gets cheaper, people worry energy companies make less money.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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