Why Drilling Tools International Corporation (DTI) Stock Crashed This Week

News Snapshot:

We recently published a list of Energy Stocks that are Losing This Week. In this article, we are going to take a look at where Drilling Tools International Corporation (NASDAQ:DTI) stands against other energy stocks that are losing this week. The global energy industry has faced a major setback this week after there were serious concerns of an escalating global trade war and a looming economic slowdown. After China hit back at President Trump’s tariffs with 34% duties on all US goods, global oil prices plunged over 8%, heading for their lowest close since the height of the Covid-19 pandemic...