Marathon Oil, Apache and Oxy lose almost half their market value Monday

Published: Mar. 9, 2020 at 2:33 PM CDT
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Marathon Oil lost more than half of its market value today. Shares were down 46% at last check to $3.64.

Apache was down 46% late in the afternoon to $11.09

Crude prices are in free fall due to negotiations between OPEC and Russia breaking down and Saudi Arabia launching a price war and promising to boost production to lift its market share.

The price war battered markets already weakened by the continued spread of coronavirus.

Occidental was down 45% to $14.66 - losing more than $12 Monday.

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