Sector Update: Energy Down; Aegean Marine Petroleum Tumbles on Disappointing Q3

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Dow Jones U.S. Oil & Gas Index: 541.22 Wednesday regular session close

NYMEX Benchmark Crude: +0.07 (+0.08%) to 89.03

Top Energy Stocks

XOM: -0.30%

CVX: -0.43%

SLB:-0.60%

OXY: 0.00%

COP: -0.65%

Energy issues are mostly lower pre-market, even though oil prices are pushing up closer to the psychologically critical $90 a barrel mark. Salamander Energy plc (SMDR) will buy Indonesia's Elnusa Bangkanai Energy Ltd for $11.2 million to bolster its foothold in the country. Elnusa has a 69% stake in the Bangkanai prospect that contains the Kerendan gas field, which has about 157 billion cubic feet of gas. DNO International ASA ( DNO ) said oil exports from Iraq's Kurdish region could resume once a government is firmly established in Baghdad, according to Bloomberg. Ship fuel supplier Aegean Marine Petroleum Network Inc ( ANW ) reported third quarter results that fell short of analysts' estimates, and has plunged over 38% before the opening bell on the NYSE.



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

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This article appears in: Investing , Commodities

Referenced Stocks: ANW , DNO

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