EOG Resources is trading 4.2% down today at $140.23 following a sharp selloff in energy names triggered by a significant drop in crude oil prices.
- Crude oil prices fell more than 5% as U.S.-Iran military tensions ease, leading to a reduction in the geopolitical risk premium.
- The decline reflects a sector-wide pullback across exploration and production stocks, with no company-specific news reported for EOG today.