Eog stock price slipped below $124 after the dollar

EOG stock price slipped below $124 after the dollar touched a three-month high, pressuring commodity-linked equities. Traders observe strong support at the $122 level based on historical volume profiles. ConocoPhillips COP is an exploration and production giant. Hence, by the very nature of the upstream business, COP is highly vulnerable to the volatility in oil and natural gas prices. But, with the U.S. Energy Information Administration (“EIA”) expecting oil prices to decline, can ConocoPhillips sail through if crude prices turn low? • EOG stock fell 68.2% from a high of $71.70 on 20 May 2008 to $22.80 on 2 March 2009, compared to a peak-to-trough decline of 56.8% for the S&P 500 • The stock fully recovered to its pre-Crisis peak by 11 July 2013 EOG stock price closed at $125.42 in the latest session, marking a 1.6% uptick amid stronger-than-expected crude oil demand data. Analysts note that its correlation with WTI prices remains high, indicating potential upside if energy markets sustain their rally.