Referenced Stocks

Sector Update: Energy Shares Broadly Lower; Crude Slips Below $98 a Barrel

By Midnight Trader,  December 12, 2011, 03:31:15 PM EDT

NYMEX Benchmark Crude January: (-$1.48) to $97.94

Top Energy Stocks

XOM: -2.2%

CVX: -2.2%

COP: -2.6%

SLB: -4.1%

OXY: -3.5%

Energy shares are broadly lower while crude oil futures slide to trade down below $98 a barrel.

Light, sweet crude oil for January delivery traded down $1.48 to $97.93 a barrel.

FuelCell Energy ( FCEL ) was up 14.7% after earlier announcing a partnership agreement with Spanish conglomerate Abengoa S.A. to develop localized stationary fuel cell power plants for markets in Europe and Latin America.

Meanwhile, shares of ConocoPhillips ( COP ) are down while Reuters reports the U.S. oil major made a find of natural gas in the southern North Sea but that further tests are needed to determine if it is worth developing.

COP shares are down 2.6%




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: COP, FCEL



Latest News Video



Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.24 0.03  0.23%
FB $ 24.32 0.74  2.95%
SIRI $ 3.58 0.04  0.99%
GE $ 23.53 0.13  0.55%
PFE $ 29.04 0.07  0.24%
MSFT $ 34.27 0.12  0.35%
INTC $ 23.93 0.12  0.50%
P $ 16.43 0.73  4.25%