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STOCKS TRADE MIXED AFTER ISRAEL STRIKE-FUELLED TUMBLE

Apple pulls WhatsApp and Threads from China App Store

These Troubled Oil Stocks Are Crashing Today

Jason Hall, The Motley Fool
·3 min read
These Troubled Oil Stocks Are Crashing Today

Shares of Centennial Resource Development (NASDAQ: CDEV), Patterson-UTI Energy (NASDAQ: PTEN), Nabors Industries Inc (NYSE: NBR), and Tellurian (NASDAQ: TELL) are all down between 9.5% and 14% as of 12:44 p.m. EDT on May 13. First, oil markets got some mixed data in the past couple of days regarding crude oil inventories. According to today's oil weekly petroleum status report from the U.S. Energy Information Administration (EIA), U.S. commercial crude oil inventories actually fell by about 700,000 barrels last week, as did gasoline inventories.

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