The decline in oil prices, uncertainty on oil demand due to the pandemic, and the decrease in the stock markets have led to a drop in the value of securities of the largest oil and gas companies in the world.
Report informs with reference to Interfax that stock indices of Western European countries fell on April 21. The common index of the largest enterprises in the region Stoxx Europe 600 fell 1.9%, to 433.8 percentage points.
The decline in European stocks was caused by the increase in the number of new COVID-19 cases around the world.
US stocks also declined on Tuesday. Both the Dow Jones and the S&P 500 dropped below record highs reached at the end of last week.
The Dow Jones Industrial Average dropped by 256.33 points (-0.75%) to 33,821.3 points. Standard & Poor's 500 decreased by 28.32 points (-0.68%) - to 4,134.94 points, and the Nasdaq Composite lost 128.5 points (-0.92%) and settled at 13,786.27 points.
Amid falling crude oil prices and declining major stock indices, shares of leading oil and gas companies are going down, according to data from MSN Finance.
Securities of Baker Hughes and Halliburton declined by 2.6% and 4.16%, respectively. BP PLC shares lost 2.09%, Chevron Corp. lost 1.87% in value. Eni, Equinor, and Exxon Mobil were down 1.81%, 2.52%, and 2.11%, respectively.