The energy sector fell 1.1 percent on the back of a more than 1 percent drop in crude oil prices as the dollar remained near a four - month high. (cnbc.com)
There are any number of theories explaining the sudden drop in crude oil prices after two years of stability: America's increasing supply, the world's faltering demand, an undeclared price war being waged by Saudi Arabia, the rising U.S. dollar. (canadianbusiness.com)
Teekay Tankers was primarily negatively affected by the severe drop in crude oil prices sending tanker rates to the lowest levels in more than three years, as well as some temporary oil production outages in markets the company's tankers serve. (fool.com)