NYMEX Benchmark Crude October: (-2%) to $87.24
Top Energy Stocks
Energy shares have remained deep in the red along with an
extremely bearish day in the broader equities market. Crude oil
futures managed to come back somewhat by the closing bell to finish
Light, sweet crude oil for October delivery finished down 2% to
$87.24 a barrel. In other energy futures, heating oil was down
1.75% to $2.99 a gallon while natural gas was down 1.51% to $3.92
per million British thermal units.
In energy ETFs, the United States Oil Fund (
) is down 1.94% to $33.79. The United States Natural Gas ETF (
) is down 1.74% to $9.88.
Today's decline in oil - while it bounced back somewhat in late
trading - came with a steep drop in equities after neither Federal
Reserve Chairman nor President Obama delivered on the hoped for
stimulus to get the economy going.
In late-session energy news, ADRs of Royal Dutch Shell (
) are down in late trading as MarketWatch reports the European oil
giant - along with the U.K.'s Tullow Oil - struck oil 93 miles off
the coast of South America.
Shell ADRs are down 1.85%, or $0.75, to $39.72.
Meanwhile, Goldman Sachs reportedly downgraded Tesoro (
) to Sell from Neutral. Goldman has a price target of $22 on Tesoro
Tesoro shares are down 4.6%, or $1.12, to $23.23.
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