Crude Oil Slips to $38.75; Energy Stocks Down

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US stock markets are down on Monday following West Texas Intermediate crude oil falling 3.1% to $30.75 a barrel on Monday. The crude oil slump has caused energy stocks to fall sharply, with Exxon Mobil Corporation (NYSE:XOM) falling 3.3%, Chevron Corp. (NYSE:CVX) slipping 3.8%, Petro China Ltd (NYSE:PTR) tumbling 4%, Royal Dutch Shell PLC (NYSE:RDS.A) declining 4.5% and BP PLC (BP) easing 4% on the day.

European markets rallied on Monday, with Germany’s DAX up 2.2% and France’s CAC 40 up 0.88%.

Stocks in the United States slumped early Monday morning. Restaurant chain Chipotle (NYSE:CMG) is in major trouble following recent E. coli breakouts in many restaurant stores. The outbreak sickened 52 people, and has spread to nine states. Comparable sales fell 8% – 11% at the chain, and the company’s stock is selling at $545 a share, down 2.7% on the day.

Keurig Green Mountain (GMCR) is today’s biggest winner so far, up 73% on the day. Shares are selling at $89.45 following the news that the company will be purchased by JAB holding in a deal valued at $13.9 billion. Shareholders will receive a premium of $92 in cash for each share that they own. JAB will make the Keurig brand private. Stocks for Keurig closed at $51.70 a share on Friday.

Jacob Maslow is a native New Yorker with  five children. He left his payroll manager position after finding that his true passion was in writing, and has never looked back.

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