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That santos ltd (ASX:STO) stock price fails to join broader market rally today.
In the afternoon trade, the S&P/ASX 200 Index (ASX:XJO) is up 1.24%, while Santos shares are down 1.59% to $7.45 a share.
But it’s not just Santos’ stock price that’s underperforming the benchmark today.
With other big names energy stocks also in red that S&P/ASX 200 Energy Index (ASX:XEJ) is down 1.06%.
What is happening in the oil markets?
International Benchmark Brent Crude…