Referenced Stocks

Sector Update: Energy Lower, SEC's Goldman Sachs Lawsuit Bogs Down Commodities

By Midnight Trader,  April 19, 2010, 09:04:29 AM EDT

Dow Jones U.S. Oil & Gas Index: 5111.62 Friday regular session close

NYMEX Benchmark Crude: -2.20 (-2.56%) to 83.79

Top Energy Stocks

XOM: -0.47%

CVX: -0.33%

SLB: -0.91%

OXY: +1.06%

COP: -1.78%

Energy issues are mostly lower before the bell Monday, with oil prices falling amid growing concerns about the impact of the SEC's lawsuit against Goldman Sachs affecting global markets and decreasing the allure of commodities. Halliburton ( HAL ) reported its first quarter profit tumbling 46% from the same period a year ago, hurt by charges in Venezuela and weak demand in Latin America. Arch Coal ( ACI ) posted a first quarter net loss due to weak conditions in the U.S. power plant market. Meanwhile, China will lend Venezuela $20 billion, and it will also form a $12 billion investment fund that will pay for the country's energy development projects.




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.


This article appears in: Investing, Commodities

Referenced Stocks: ACI, HAL



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