Top Energy Companies
Energy shares are paring some of their earlier losses, with the NYSE Energy Sector Index (NYE) down about 1.1% at 12,649 after being down 1.4%. Crude oil futures also are erasing some losses, pulling again to within range of yesterday's settlement of $103.22 a barrel.
Light, sweet crude oil for February delivery is down $0.27 at $102.95 a barrel, with prices firming despite the weekly EIA inventory report finding U.S. commercial crude oil inventories increased by 2.20 million barrels to 329.70 million barrels last week. Gasoline and natural gas inventories also rose.
In company news, Tesoro Corp. ( TSO ) is lower after the refiner said it lost $0.55 to $0.80 a share in Q4, missing analysts' forecasts for profit. The company blamed higher crude oil prices.
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