Oil Prices Slide, Drag Down Oil Stocks After Crude Inventories Rise

Following new reports showing a surge in crude oil inventory, the prices of WTI and brent crude have fallen sharply into negative territory, with WTI crude dipping below the $50 per barrel mark and brent down more than 3% in Thursday trading. The tumbling crude prices are, naturally, having a domino effect on the prices of oil producers, with the likes of Exxon Mobil and Chevron trading well in the red on the news. Marathon Oil, Noble Energy and EOG Resources are also trading lower following a m...