From Yahoo Finance: 2025-04-05 13:45:00

Global energy stocks have taken a hit this week due to escalating trade tensions and economic concerns. China’s retaliatory tariffs led to an 8% drop in oil prices, with natural gas prices falling 7.5%. JP Morgan now predicts a 60% chance of a recession by year end, up from 40%.

OPEC+ has decided to increase output, resulting in a sharp drop in oil price forecasts by Goldman Sachs. Brent and WTI targets have been reduced by $5 each to $66 and $62 per barrel, respectively.

Delek US Holdings, Inc. (DK) has seen its stock price plummet by 19.71% between March 27 and April 3. The company faces challenges from supply disruptions, competition, and declining oil prices, with a reported net loss of $413.8 million in Q4 2024. DK ranks 7th among energy stocks with the most losses this week.

Read more: Why Delek US Holdings, Inc. (DK) Stock Crashed This Week