The energy sector was suffering a broad selloff Monday, and was the hardest hit of the S&P 500's /zigman2/quotes/210599714/realtime SPX +1.29% 11 sectors, as worries that China-baed property developer China Evergrande Group /zigman2/quotes/208605330/delayed HK:3333 +8.55% /zigman2/quotes/202468092/delayed EGRNY 0.00% could default sent shivers through financial markets, including the crude oil market. The SPDR Energy Select Sector ETF /zigman2/quotes/206420077/composite XLE +3.25% dropped 5.4% in afternoon trading with all 22 equity components losing ground, putting the ETF on track for the biggest one-day selloff in 10 months. Among the ETF's most-active components, shares of Exxon Mobil Corp. /zigman2/quotes/204455864/composite XOM +2.86% slid 3.7%, Occidental Petroleum Corp. /zigman2/quotes/207018272/composite OXY +4.96% shed 6.7%, Marathon Oil Corp. /zigman2/quotes/205031829/composite MRO +4.19% slumped 5.9%, Chevron Corp. /zigman2/quotes/205871374/composite CVX +2.62% was down 3.3% and Kinder Morgan Inc. /zigman2/quotes/208455654/composite KMI +0.61% gave up 2.8%. Meanwhile, crude oil futures /zigman2/quotes/209723049/delayed CL00 +0.23% fell 2.2% and the S&P 500 /zigman2/quotes/210599714/realtime SPX +1.29% sank 2.6%.




















