Energy Stocks Shift Direction in Premarket Trading as Oil Prices Drop 13% Following Trump's Delay of Strikes on Iran
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 23 2026
0mins
Source: moomoo
Energy Stocks Decline: Energy stocks have experienced a significant drop of 13% following recent developments in the market.
Trump's Decision: The decline in energy stocks is attributed to former President Trump's postponement of strikes on Iran, which has affected market sentiment.
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Analyst Views on COP
Wall Street analysts forecast COP stock price to fall
19 Analyst Rating
15 Buy
3 Hold
1 Sell
Moderate Buy
Current: 118.890
Low
98.00
Averages
115.67
High
133.00
Current: 118.890
Low
98.00
Averages
115.67
High
133.00
About COP
ConocoPhillips is an exploration and production company. Its Alaska segment primarily explores for, produces, transports and markets crude oil, natural gas and NGLs. The Lower 48 segment consists of operations located in the 48 contiguous states in the United States and the Gulf of Mexico. Canadian operations consist of the Surmont oil sands development in Alberta, the liquids-rich Montney unconventional play in British Columbia and commercial operations. The Europe, Middle East and North Africa segment consists of operations principally located in the Norwegian sector of the North Sea, the Norwegian Sea, Qatar, Libya, Equatorial Guinea and commercial and terminalling operations in the United Kingdom. Asia Pacific segment has exploration and production operations in China, Malaysia, Australia and commercial operations in China, Singapore and Japan. Other International segment includes interests in Colombia as well as contingencies associated with prior operations in other countries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Energy Price Impact: WTI crude oil prices plunged by 3% to a seven-week low, leading to widespread declines in energy producers' stocks, which exacerbated the overall market weakness and highlighted the direct impact of oil price fluctuations on related sectors.
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- Interest Rate Expectations: The market is pricing in only a 3% chance of a 25 basis point rate hike at the next FOMC meeting, reflecting a cautious outlook among investors, especially following robust nonfarm payroll data, which could influence bond market dynamics.
- Tech Stock Surge: Intel's stock surged by 11% after Google placed an order for three million Tensor Processing Units, driving a broader rally in chip stocks, highlighting the tech sector's critical role in the market recovery and potentially attracting more investor interest in related equities.
See More
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- Market Volatility: The S&P 500 index fell by 0.26% and the Nasdaq 100 dropped by 1.12% on Tuesday, indicating a shift to a downward trend after an early advance, reflecting investor concerns over tech stocks.
- Energy Price Impact: WTI crude oil prices plunged by 3% to a seven-week low, leading to widespread declines in energy producers' stocks, which exacerbated the overall market weakness and highlighted the direct impact of oil price fluctuations on related sectors.
- Real Estate Market Recovery: US existing home sales rose to 4.17 million in April, a five-month high, boosting the stocks of builders and suppliers, indicating that a recovery in the real estate market could provide positive signals for the economy.
- International Trade Data Improvement: China's May exports increased by 19.4% year-on-year, surpassing expectations, showcasing potential for global economic growth, which may positively influence the US market, despite ongoing uncertainties.
See More
Oil Prices Plummet, Yet ConocoPhillips Stock Remains Resilient
- Oil Price Decline: As of 3:15 p.m. ET, Brent crude futures fell by 3% and WTI by 3.5%, indicating heightened market concerns over future supply, which could negatively impact overall economic growth.
- Rising Shipment Volumes: U.S. Energy Secretary Chris Wright stated in a CNBC interview that oil shipments through the Strait of Hormuz are “rising very meaningfully,” currently reaching 2 million barrels per day, which, while still below pre-war levels, exceeds many investors' expectations and may alter market perceptions of oil prices.
- ConocoPhillips Resilience: Despite the significant drop in oil prices, ConocoPhillips' stock only declined by about 2.2%, suggesting that market confidence in its profitability remains intact, likely due to its strong position in the oil and gas sector.
- Geopolitical Risks: Ongoing tensions between Israel and Iran, along with escalating conflicts involving U.S. naval forces, continue to create uncertainty; despite optimistic statements about a potential “deal” with Iran, the market remains cautious, anticipating that high oil prices may persist for some time.
See More
US Stock Market Volatility Amid Falling WTI Crude Prices
- Mixed Market Performance: The S&P 500 index fell by 0.28%, while the Dow Jones Industrial Average rose by 0.19%, and the Nasdaq 100 index dropped by 0.80%, indicating a divergence in market sentiment, particularly with weakness in chipmakers and software stocks weighing on the broader market.
- Crude Oil Price Decline: WTI crude oil prices plunged over 3% to a one-week low, primarily due to the ceasefire agreement between Iran and Israel, leading to expectations of further declines in oil prices that could impact the profitability outlook for energy stocks.
- Positive Economic Data: The US trade deficit narrowed to $55.9 billion in April, better than the expected $56.1 billion, while existing home sales in May rose by 3.2% month-over-month to 4.17 million, indicating resilience in the housing market that may provide support for stocks.
- Company Movements: United Natural Foods saw its stock drop over 12% after reporting Q3 net sales below expectations, while Nuvalent's stock surged over 38% following GSK's agreement to acquire the company for $10.6 billion, reflecting varied market reactions to company fundamentals.
See More
US Stocks Rebound as AI Trade Continues to Gain Momentum
- Market Rebound: The S&P 500 Index rose by 0.93%, the Dow Jones Industrial Average increased by 0.89%, and the Nasdaq 100 Index climbed by 1.17%, indicating a sustained rebound in the artificial intelligence trade that boosts market confidence and investor sentiment.
- Crude Oil Price Decline: WTI crude oil prices fell by 2% to a one-week low, which lowered inflation expectations and provided support for stocks and bonds, reflecting a positive outlook for future economic growth.
- Strong China Trade Data: May exports rose by 19.4% year-on-year, exceeding expectations of 15.0%, while imports increased by 27.4%, surpassing the anticipated 26.0%, indicating positive signals for global economic recovery that could further drive market gains.
- Tech Stocks Lead Gains: Chipmakers and AI infrastructure stocks showed strong performance, with Lam Research up over 4%, and Applied Materials and KLA Corp both rising over 3%, suggesting that the recovery in the tech sector is driving overall market growth.
See More
Mixed US Stock Market on Monday, AI Enthusiasm Boosts Chip Stocks
- Chipmaker Recovery: Following last Friday's selloff, chipmakers and AI-infrastructure stocks saw a modest recovery on Monday, with Intel (INTC) rising over 11% after Google placed an order for three million Tensor Processing Units, indicating sustained market demand for AI technology.
- Oil Price Volatility: WTI crude oil prices initially surged over 4% on Monday due to Iran's announcement of an end to military operations against Israel, but later retreated, highlighting market sensitivity to geopolitical risks and affecting investor demand for safe-haven assets.
- Interest Rate Expectations Shift: The market is pricing in only a 3% chance of a 25 bp rate hike at the upcoming FOMC meeting in June, reflecting investor concerns over slowing economic growth, which pushed the 10-year T-note yield to a two-week high of 4.580%, indicating tension over future monetary policy.
- Mixed International Market Performance: Overseas stock markets settled mixed on Monday, with the Euro Stoxx 50 falling to a two-week low while China's Shanghai Composite dropped 1.70%, demonstrating the impact of global economic uncertainty on market sentiment.
See More
US Stocks Rebound Led by Chipmakers Amid Geopolitical Tensions
- Market Rebound: The S&P 500 Index rose by 1.01%, the Dow Jones Industrial Average increased by 0.46%, and the Nasdaq 100 Index climbed by 2.39%, indicating a recovery from last Friday's selloff, particularly driven by strong performances in chipmakers and AI infrastructure stocks.
- Oil Price Volatility: WTI crude oil prices initially surged over 4% due to escalating tensions between Iran and Israel but retreated after Iran announced an end to its military operations, alleviating pressure on the stock market as expectations for a ceasefire emerged.
- Interest Rate Expectations: The market is pricing in only a 3% chance of a 25 basis point rate hike at the next FOMC meeting, reflecting a cautious outlook among investors, especially following robust nonfarm payroll data, which could influence bond market dynamics.
- Tech Stock Surge: Intel's stock surged by 11% after Google placed an order for three million Tensor Processing Units, driving a broader rally in chip stocks, highlighting the tech sector's critical role in the market recovery and potentially attracting more investor interest in related equities.
See More
