Sentences with phrase «steep drop in energy prices»
The decline was due to a steep drop in energy prices.
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Shares of energy companies are set to book their steepest monthly drop in August since the end of 2015, when the oil price crash was in full swing.
Tudor (Tudor, Pickering, Holt and Co., an energy investment bank) analysts said in Friday research note that part of steep drop in prices could be attributed to trading algorithms in the market, which can lead to widespread sell - offs once prices reach a specific threshold».