| The energy segment of the broad U.S. market that flourished in the first half of 2014 has been going downhill over the past few months with sliding oil prices due to higher U.S. shale oil production and slowing global demand impeding its growth.
The ride became all the more difficult on Friday after the Organization of the Petroleum Exporting Countries (OPEC) decided against lowering the existing oil output, sparking a broad sell-off in energy stocks and a steep decline in oil prices. WTI crude tumbled 10% to below $66 per barrel on Friday, marking the biggest one-day drop in more than five years while Brent fell below $70 per barrel...............................................Full Article: Source
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