NEW YORK (TheStreet) -- Shares of Royal Dutch Shell (RDS.A) were trading lower by 2.11% to $57.96 in afternoon trading Monday, as both WTI and Brent crude prices slip to trade in negative territory, hitting three week low levels.
Oil prices were lower amid the situation in Greece, causing investors to flee from riskier assets, according to Reuters.
U.S. crude for August delivery was down 2.23% to $58.30 a barrel as of 2:29 p.m. ET today, after reaching its lowest level since June 8.
Brent crude was down 2.02% to $61.98 a barrel after hitting its lowest level since May 28 of $61.35 a barrel earlier in the session.
U.K.-based Shell is an independent oil and gas company, operating in three segments including upstream, downstream and corporate.
Separately, TheStreet Ratings team rates ROYAL DUTCH SHELL PLC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate ROYAL DUTCH SHELL PLC (RDS.A) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself."
Highlights from the analysis by TheStreet Ratings Team goes as follows: