NYMEX Benchmark Crude May: -$0.48 to $109.44
Top Energy Stocks
Energy shares are flat in pre-bell trading but ConocoPhillips (
) is seeing early downside pressure, down 1.2% before the open. The
May crude oil contract is seeing some downward pressure, falling
$0.48 to $109.44. There isn't any specific news driving
ConocoPhillips lower this morning, but Bloomberg did report that
the oil major flared gases at its Wood River refinery in Illinois
yesterday. In other energy news, FuelCell Energy (
) says it won two subcontracts totaling $1.7 million to demonstrate
advanced biogas de-sulfurization technology and a contract to
evaluate the effectiveness of Direct FuelCells to efficiently
separate carbon dioxide (CO2) from the emissions of industrial
operations such as refineries, cement kilns and pulp and paper
mills. Also, Western Gas Partners (
) is reportedly initiated with a Buy at Deutsche Bank. Price target
for shares is $40.
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