🔴 Whitecap Resources is trading 4.04% down today as Brent crude falls about 1.5%

Whitecap Resources is trading 4.04% down at $18.52 as energy shares weaken alongside falling crude prices and broader risk-off trading.

• Brent crude fell about 1.5% to $107.10 on September 16 after Saudi Arabia offered additional cargoes, easing supply-disruption concerns.
• The Federal Reserve’s 25-basis-point rate increase to 3.75%-4.00%, stronger retail sales, elevated yields, and fading rate-cut hopes are adding pressure to equities.
• Whitecap announced its regular C$0.0608 monthly dividend; no company-specific negative catalyst emerged.