Energy Stocks End with Slight Losses

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XOM - 0.1%

CVX +06%

COP -0.1%

SLB -0.7%

OXY +0.7%

Energy stocks have turned around in late trade and are now slightly higher ahead of today's close, with both the NYSE Energy Sector Index and the S&P Energy Index now up about 0.1%, respectively. August delivery is down 41 cents at $89.72 a barrel.

In company news, ATP Oil & Gas ( ATPG ) are up shortly before the close after a partner reported additional detail about an Israeli natural-gas discovery announced earlier this month.

The Shimshon well off the cost of Israel was flowing at a rate of 40.2 million cubic feet a day at the end of a 54-hour test, Isramco Negev 2 LP (ISRAL), which has a 39% stake, said in a statement, according to Bloomberg. ATPG is the well operator with a 40% interest, the story says. Isramco reported July 1 the field may hold 2.3 trillion cubic feet of gas, the report says.

(+) NBL, Upgrade by FBR Capital to Outperform from Market Perform. Price target is raised to $120 from $100.

(+) CEO, SEC freezes assets of several Chinese traders with ties to the company after unusual purchases of Nexen ( NXY ) shares before buyout was announced.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , Commodities
Referenced Symbols: ATPG , NXY

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