General Electric Continues Down Even As Oil Recovers
March 4, 2015 2:10 pm
March 4, 2015 – Stock Market News
Despite oil’s recovery up above the 50.00 level, and the fairly sustained increase that led it to where it is now, energy stocks continue to suffer from the extended period of lows. General Electric in particular, made $25 billion due to its investment in oil and natural gas in 2014. With oil starting and remaining as low as it has been in 2015, future prospects for the energy producer. Yesterday saw General Electric shave off another 1% off its stock price under the weight of a flooded oil market. In the pre market today, it has continued to lose 0.23%.
March 4, 2015 – Stock Market News
Despite oil’s recovery up above the 50.00 level, and the fairly sustained increase that led it to where it is now, energy stocks continue to suffer from the extended period of lows. General Electric in particular, made $25 billion due to its investment in oil and natural gas in 2014. With oil starting and remaining as low as it has been in 2015, future prospects for the energy producer. Yesterday saw General Electric shave off another 1% off its stock price under the weight of a flooded oil market. In the pre market today, it has continued to lose 0.23%.
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