On Monday, U.S. crude settled below $78 per barrel, as the growing strength in the dollar overshadowed concerns regarding the conflict in Libya and Ukraine, Reuters reports.
U.S. front-month crude futures finished lower by $1.25 to $77.40 per barrel, Reuters said.
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The dollar increased by 0.2% on Monday, and its recent performance has seen demand for commodities decline, as they become more expensive for those that hold other currencies, Reuters added.
Other energy, oil and gas company stocks retreating today include Linn Energy LLC (LINE) , lower by 1.86% to $23.85, Cabot Oil and Gas Corp. (COG) , down by 1.31% to $33.18, and Rice Energy Inc. (RICE) , declining by 3.91% to $28.04.
Separately, TheStreet Ratings team rates SOUTHWESTERN ENERGY CO as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate SOUTHWESTERN ENERGY CO (SWN) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share and increase in net income. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year."