Why Oil and Gas Stocks Plunged This Week

The oil and gas market dropped this week on a number of news items that seemed to hit the energy industry all at once. OPEC is increasing production, the U.S. economy may be slowing, and U.S. tariffs have become a topic once again.According to data provided by S&P Global Market Intelligence, Marathon Petroleum (MPC -0.01%) fell as much as 8.8% this week and is down 8.2% at 3:00 p.m. ET, Diamondback Energy (FANG 0.15%) dropped 12.2% but is now down 10.9%, and APA Corporation (APA 0.48%) lost 9.8% of its valu ...