June 2, 2017 / 7:08 PM / 5 months ago

BUZZ-Oil stocks: Fall after US withdrawal from Paris climate pact

** U.S.-listed shares of oil companies fall as crude drops more than 1 pct on worries that U.S. President Donald Trump’s decision to withdraw from an international climate accord will spur further domestic production

** Brent crude futures were down 61 cents at $50.02, while U.S. West Texas Intermediate crude futures fell 62 cents to $47.74 per barrel

** Top pct losers: Newfield Exploration Co down 4.5 pct, Range Resources Corp 3.8 pct, Devon Energy 3.4 pct, Chesapeake Energy 3.4 pct, Marathon Oil 3.2 pct, Murphy Oil 3.2 pct, Transocean Ltd 2.8 pct, Concho Resources Inc 2.7 pct, Cabot Oil and Gas Corp 2.6 pct

** Cenovus Energy extends losses, now down 5.2 pct, Suncor Energy falls for 3rd day and was down more than a percent on Friday

** Shares of Canada’s Cardinal Energy fall to record low of C$5.15 after agreeing to buy light oil assets from Apache Corp on Thursday

** Cardinal’s busiest day ever with about 3 mln shares traded, 6.4x the stock’s 30-DMA

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