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BUZZ-Oil companies drop as China's growth slows as Moody's downgrades U.S. credit rating

路透中文2025-05-19

BUZZ-<a href="https://laohu8.com/S/MCO">Moody's</a>Oil companies drop as China's economic growth slows as U.S. credit rating downgradesMay 19-

** Shares of U.S. -listed oil companies fall premarket, tracking oil price declinesO/R.

** Brent crude oil futuresLCOc1Down 0.7% at $64.95/barrel, U.S. West Texas Intermediate crudeCLc1down 0.4% at $62.23/barrel

** Moody's downgrades U.S. sovereign credit rating (link), and official figures show slower growth in China's industrial output and retail salesOil prices fell.

** Energy giantsChevronCVX.NAnd ExxonXOM.Ndown 1.9% and 0.7%, respectively.

** APA CorpAPA.Odown nearly 1%, Devon EnergyDVN.Ndown 1.4%, ConocoPhillipsCOP.NDown 2%.

** Oilfield Services Inc.HalliburtonHAL.NAnd Baker HughesBKR.O.Down 1.2% and 1.8% respectively

** Refining companyValero EnergyVLO.NAndMarathon OilMPC.NDecreased by 1

(For the convenience of non-native English speakers, Reuters automatically translates its reports into several other languages. Reuters does not guarantee the accuracy of the automated translated text because the automated translation may be incorrect or fail to include the required context, and provides automated translation only for the convenience of readers. Reuters accepts no responsibility for any damage or loss caused by the use of the automated translation function.)

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