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Benzinga
Benzinga
Business
Henry Khederian

Why Shell Shares Are Falling Today

Shell Shell PLC Oil Recession

Shell PLC (NYSE:SHEL) shares are trading lower by 2.72% to $47.25 Wednesday morning. Shares of energy companies are trading lower again Wednesday amid a drop in oil prices as investors assess recession concerns. Concerns of an economic slowdown have pressured the demand outlook.

Per CNBC, West Texas Intermediate (WTI) crude is trading below $100 this week for the first time since May 11. At last check, WTI crude is lower by 3.69% to $95.87.

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