US Stocks in Focus: WTI crude oil futures fall below $90, oil and gas stocks decline

Glonghui, May 7｜Oil and gas stocks declined, with US energy falling over 10%, Apache Oil dropping more than 7%, Murphy Oil down over 5%, Devon Energy down over 4%, Petrobras, Halliburton, and Schlumberger all down more than 3%, and Chevron, Shell, ExxonMobil, and BP all declining over 2%. On the news front, according to Iranian media reports on the 7th, the Iranian Islamic Revolutionary Guard Corps Navy has designated two channels for ships to pass, and vessels are still not allowed to cross the Strait of Hormuz without Iranian permission. WTI crude oil futures fell over 5%, dropping below 90 US dollars per barrel. (Glonghui)