# Energy stocks post worst 2-day performance in 2½ years

> The S&P 500 energy sector fell 4.4% on Monday, heading for its worst two-day performance in 2.5 years as Chesapeake, Hess and Exxon led the decline. WTI and Brent each lost about $2 a barrel, or roughly 3%, over two sessions amid a broader risk-asset selloff.

- Date: 2018-02-05 · published 2018-02-05T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/7453-energy-stocks-post-worst-2-day-performance-in-21-2-years
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Lower crude prices reduce input costs for diesel, fertilizer and transport used in feed production. The broad risk-off move points to continued pressure on energy prices in the near term.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WTI | 2018-02-09 | 5 | -9.6% | -3.1 | A broad risk-asset selloff hit energy equities and cut WTI and Brent roughly 3% (about $2/bbl) in two sessions, a sentiment-driven drop that accounts for a large part of the 5-day decline. |
| BRENT | 2018-02-12 | 5 | -7.8% | -2.9 | The Feb 5 broad risk-asset selloff hit energy equities and cut Brent by roughly 3% over two sessions, a sentiment-driven drop that falls inside the 5-day window ending Feb 12 and accounts for a large share of the -7.78% move. |

## Sources

- cnbc.com: https://www.cnbc.com/2018/02/05/energy-stocks-head-for-worst-2-day-performance-in-2-years.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.