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Posted
12/12/2011 8:31:15 PM
Referenced Stocks:COP;FCEL
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% |
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