Shares of energy companies decline as oil futures finish the year with a significant loss

  • Energy companies’ shares decline as oil futures end the year with a 10% loss
  • West Texas Intermediate rises 0.4% to $72.04 a barrel
  • Energy sector ranks as the second biggest laggard on the S&P 500 index

Shares of energy companies declined as oil futures wrapped up the year with a roughly 10% loss. Despite a 0.4% increase to $72.04 a barrel for West Texas Intermediate, it still ended the year down approximately 10%, making the energy sector the second biggest laggard among all 11 industry groups on the S&P 500 index.

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Factuality Level: 8
Justification: The article provides factual information about the performance of oil futures and the energy sector in the stock market. It does not contain any irrelevant or misleading information, sensationalism, redundancy, or opinion masquerading as fact. The information provided is concise and directly related to the main topic.

Noise Level: 8
Justification: The article provides a brief update on the performance of energy companies and oil futures. It mentions the percentage loss in oil futures for the year and the ranking of the energy sector among other industry groups. However, it lacks in-depth analysis, evidence, or actionable insights. It stays on topic and does not dive into unrelated territories, but it is relatively short and does not provide much context or additional information.

Financial Relevance: Yes
Financial Markets Impacted: Energy companies

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article pertains to financial topics as it discusses the performance of energy companies and oil futures. However, there is no mention of an extreme event or its impact.

Reported publicly: www.marketwatch.com