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• BP 72% Rate It
• CEO 100% Rate It
• EEP 100% Rate It
• GPX 0% Rate It

Dow Jones U.S. Oil & Gas Index: 467.68 Wednesday regular session close

NYMEX Benchmark Crude: -0.84 (-1.10%) to 75.18

Top Energy Stocks

XOM: -0.46%

CVX: -0.30%

SLB: -0.84%

OXY: 0.00%

COP: -0.38%

Energy issues are mostly lower before the bell, while oil prices are lower as U.S. crude inventories rise. Enbridge Energy Partners LP ( EEP ) will start up its pipeline connecting Canada to the Midwest on Friday, a week after the leak at its line in Romeoville, Illinois. CNOOC Ltd ( CEO ) may offer $10.2 billion for BP's ( BP ) stake in Argentina's Pan American Energy LLC and seek a partner for the buyout, according to Citigroup analysts Graham Cunningham and Tushar Bagla. The Chinese energy giant would be offering a 10% premium over what it paid for a 20% stake in Pan American earlier this year, the analysts added. CNOOC did not, however, comment on their research. Gulfsands Petroleum plc ( GPX ) reported a 380% rise in profit for the first half of the fiscal year on the back of higher output and rising oil prices. The company, which focuses on oil exploration in Syria, said that it was pursuing development opportunities in the Middle East.

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