Shares of several energy companies are trading lower amid a drop in oil prices due to macroeconomic concerns following bearish outlook from FedEx. An economic slowdown could drive a drop in oil demand. A tentative agreement between railroad companies and workers has also helped alleviate some supply concerns, further pressuring oil prices.
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Shares of several energy companies are trading lower amid a drop in oil prices due to macroeconomic concerns following bearish outlook from FedEx. An economic slowdown could drive a drop in oil demand. A tentative agreement between railroad companies and workers has also helped alleviate some supply concerns, further pressuring oil prices.