Oil prices are being pressured after the release of Chinese data that showed a decline in diesel usage in 2015, the Wall Street Journal reports.
The country is one of the largest consumers of oil in the world.
"Oil and stocks are being correlated by a single issue, which is fear of slipping global growth," said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management, told the Journal.
Crude oil (WTI) is down by 4.72% to $30.67 per barrel and Brent oil is down by 3.95% to $30.91 per barrel, according to the CNBC.com index.
Based in Houston, Marathon is an energy exploration and production company.
Separately, recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings rated this stock as a "sell" with a ratings score of D+. This is driven by some concerns, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.
You can view the full analysis from the report here: MRO