Referenced Stocks

Sector Update: Energy Up, BP Gains Despite Gulf of Mexico Spill Seen Remaining Until Fall

By Midnight Trader,  June 07, 2010, 08:42:39 AM EDT

Dow Jones U.S. Oil & Gas Index: 442.68 Friday regular session close

NYMEX Benchmark Crude: +0.37 (+0.51%) to 72.46

Top Energy Stocks

XOM: +0.56%

CVX: +0.24%

SLB: +1.70%

OXY: 0.00%

COP: +0.62%

Energy issues are mostly up before the bell, as oil prices inch up on the back of better-than-expected German factory orders. BP ( BP ) is up over 4% pre-market on the NYSE, even as Coast Guard Admiral Thad Allen warned that the spill in the Gulf of Mexico will likely linger until autumn. The company partially shut down its British gas terminal in Teeside for maintenance over the weekend. Russia's Gazprom ( GAZP ) said it does not need to develop BP's Kovykta gas field.




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: BP, GAZP



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