WTI crude oil prices were falling 1.3% to $66.51 a barrel, and Brent crude oil prices were falling 0.8% to $69.36 a barrel Thursday afternoon.
The falling oil prices come after European Central Bank president Mario Draghi announced the bank would leave its rates unchanged, according to Business Insider. During the press conference Draghi called the falling price of oil "unambiguously positive," which may have put pressure on oil prices.
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Last week OPEC announced that it would maintain its oil production target of 30 million barrels a day, which helped bring down oil prices.
TheStreet Ratings team rates HALCON RESOURCES CORP as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:
"We rate HALCON RESOURCES CORP (HK) a SELL. This is driven by a few notable weaknesses, 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 generally high debt management risk and generally disappointing historical performance in the stock itself."