After the former company tariff escalation of the Energy Secretary

Freedom Energy Shares lost about one-third of their values ​​for about two days, because the oil field companies company established by President Donald Trump’s Energy Secretary Chris Wright is under heavy sales pressure.

Since it approached Wednesday, the share has poured 30%, and the last trade was reduced by 11.8% at 11:00. The sharp decline is noting one of the most stiding falls between the US energy services in recent months.

The price of the appraiser fell to about $ 60 on a barrel on Friday – the lowest level since 2021 and new 52 weeks down.

“The patch of the US Shield, which has a close relationship with Trump and Trump, is not going to be happy with it,” he said.

Kavonic said that WTI prices could begin to threaten the increase in the price of falling below $ 60.

“If you start seeing even lower pressure here … This will put pressure on people to remove the devices in Texas and Louisiana and elsewhere,” he said.

Wright, US Energy Secretary, established freedom energy, but moved away from the company after entering the State Office. Unless participation in daily operations, freedom is closely linked to the shale boom in pioneering during his career during his career.

Talker CNBC in MarchWright said that in addition to the President of the Americans that Americans promise America’s energy drilling, he could expect more oil prices.

“More supplies will come, oil, gasoline, home heat fuel prices, everything on the board, he said,” he said.

Global energy resources, as a growth of fear, resulted in the start of the tariffs that produce Trump’s chaos Comprehensive trade war can dig global growth and energy.

A decision to increase oil production by OPEC + on Thursday, put forward prices – some facing US shale producers, especially unwanted state the highest production costs in the world. Historically, shale companies have faced financial brooms in periods of oil prices.

Shares including US Oil Manufacturers Conocofillips More than 10% fell on Thursday Skeleton, Bar and Western Tied more than 6%.

Freedom Energy The stock market jumped in November Wright’s appointment as an Energy Secretary, the announcement was closed at a higher level of 5%. In this case, market capitalization was $ 2.7 billion. According to LSEG, this market capitalization is now $ 2.1 billion.

Denver-based company CEO, Ron Gusek, the company’s first quarter is due to the release of financial results on April 16.