Murphy Oil, Diamond Offshore Slip on Falling Crude Oil Prices

Shares of Murphy Oil slid Monday as crude oil prices dropped to $40 a barrel.
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Shares of Murphy Oil (MUR) - Get Report  and Diamond Offshore (DO) - Get Report slid Monday as crude oil prices dropped to $40 a barrel. Both Murphy Oil and Diamond Offshore (DO) - Get Report tumbled to the bottom of the S&P 500. But Murphy stock has managed to climb about 14 percent year-to-date, as crude rebounded from 2016 lows of roughly $26 dollars a barrel. Meanwhile, Houston-based Diamond Offshore shares are up just about 0.5 percent on the year.