Swift Energy (sfy) Stock Plunges As Oil Prices Touch New Lows

NEW YORK (TheStreet) -- Shares of independent oil and gas company Swift Energy plunged 19.3% to $3.12 in late afternoon trading Monday as oil prices hit new five-and-a-half-year lows. West Texas Intermediate crude dropped below $50 for the first time since April 2009 to an intraday low of $49.95 a barrel in late morning trading.

 

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